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10 Cordobas
| Issuer | Banco Central de Nicaragua |
|---|---|
| Year | 1985 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse lettering | BANCO CENTRAL DE NICARAGUA MILICIAS POPULARES SANDINISTAS DIEZ CORDOBAS |
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| Protection type | Watermark |
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| Comments |
Nicaragua's mid-1980s Cordoba series was issued under the Sandinista government during the period of acute hyperinflationary pressure that ultimately forced a complete currency restructuring by decade's end. The Canadian Bank Note Company had a long relationship with Central American issuers, and this note falls within a series that was being printed abroad precisely because domestic production capacity was nonexistent — a telling detail about the economic conditions of the period.
By 1988, the Cordoba had collapsed so severely that the government introduced the "New Cordoba" at a rate of 1,000 to 1, rendering this denomination effectively worthless in circulation within a few years of issue.