100 Córdobas Córdoba

Nicaragua's 2012 silver 100 Córdobas was issued to mark the centennial of the córdoba currency itself, introduced in 1912 to replace the peso and stabilize an economy that had been chronically destabilized by U.S. intervention and successive debt crises. The córdoba was named after Francisco Hernández de Córdoba, the Spanish conquistador who founded Granada and León in the 1520s.

Banco Central de Nicaragua has issued commemorative silver pieces sporadically, and this centennial occasion was a natural prompt. KM#112 is a low-mintage issue by any regional standard.