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100 000 Cordobas overprinted on 100 Cordobas
| Issuer | Banco Central de Nicaragua |
|---|---|
| Year | 1989 |
| Type | Standard circulation banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DE NICARAGUA 100.000 CIEN MIL CORDOBAS 1989 RIGOBERTO LÓPEZ PEREZ PRIMER VICEPRESIDENTE BANCO CENTRAL DE NICARAGUA PRESIDENTE DEL BANCO CENTRAL DE NICARAGUA MINISTRO DE FINANZAS DE LA REPÚBLICA |
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| Reverse lettering | BANCO CENTRAL DE NICARAGUA 100.000 CIEN MIL CORDOBAS CONSEJO DE ESTADO PRIMER VICEPRESIDENTE BANCO CENTRAL DE NICARAGUA |
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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.