10 Cordobas

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.