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100 000 Cordobas overprinted on 100 Cordobas
| Issuer | Banco Central de Nicaragua |
|---|---|
| Year | 1989 |
| Type | Log in to see details |
| Value | 100 000 Cordobas (100 000 NIC) |
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| Obverse description | Portrait vignette of Nicaraguan poet and revolutionary martyr Rigoberto López Pérez at right, set against a fine guilloche underprint. A large black surcharge overprint of the new denomination numeral '100,000' and the legend 'CIEN MIL CÓRDOBAS' is applied over the central guilloche panel of the original 100 Córdobas note. Two facsimile signatures appear at the bottom centre, attributed to the Presidente del Banco Central de Nicaragua and the Ministro de Finanzas de la República, with the serial number repeated at lower right. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The reverse of the underlying 100 Córdobas note displays an intaglio vignette of the Consejo de Estado (State Council) building at left, rendered in fine engraved line work against a multicolour guilloche underprint. A large black surcharge overprint of '100,000' and 'CIEN MIL CÓRDOBAS' is superimposed over the central area of the design. Corner rosette medallions bearing the original denomination '100' appear at all four corners. |
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| Comments |
Nicaragua's inflation crisis of the late 1980s moved faster than the print facilities could respond. Rather than wait for a purpose-designed high-denomination note, the Banco Central overprinted existing 100 Córdoba stock — a stopgap that effectively multiplied face value one thousandfold overnight. The overprint series was authorised under the Sandinista government in its final years, before the 1990 monetary reform that replaced the córdoba with the córdoba oro at a rate of 5,000,000 to one.
The underlying 100 Córdoba note was itself only a few years old when requisitioned for overprinting, which means base note condition varies considerably across surviving examples.