Catalog
20 Córdobas
| Issuer | National Bank of Nicaragua Incorporated |
|---|---|
| Year | 1912 |
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| Shape | Rectangular |
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| Obverse lettering | NATIONAL BANK OF NICARAGUA INCORPORATED BANCO NACIONAL DE NICARAGUA 20 ESTE BILLETE HA SIDO EMITIDO DE CONFORMIDAD COM LA LEY DE 20 DE MARZO DE 1912 Y SUS ENMIENDAS. SERA RECIBIDO EN PAGO DE LOS DERECHOS ADUANEROS Y FISCALES Y SERÁ DE CURSO LEGAL Y OBLIGATORIO PARA EL PAGO DE DEUDAS DENTRO DE LA REPUBLICA. VALE POR VEINTE CÓRDOBAS DE CONFORMIDAD CON LA LEY DE 20 DE MARZO DE 1912 Y SUS ENMIENDAS Y BAJO LAS CONDICIONES QUE ESAS LEYES PRESCRIBEN EL `NATIONAL BANK OF NICARAGUA INCORPORATED`. PAGARÁ A LA VISTA AL PORTADOR DE ESTE BILLETE VEINTE CÓRDOBAS. SPECIMEN HAMILTON BANK NOTE CO., NEW YORK (Translation: National Bank of Nicaragua Incorporated National Bank of Nicaragua 20 This note has been issued in accordance with the Law of March 20, 1912 and its amendments. It will be received in payment of customs and fiscal duties and will be legal tender and mandatory for the payment of debts within the Republic. Worth Twenty Córdobas in accordance with the Law of March 20, 1912 and its amendments and under the conditions that these laws prescribe the National Bank of Nicaragua Incorporated. Will pay on sight to the bearer of this note Twenty Córdobas. Specimen Hamilton Bank Note Co., New York) |
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| Reverse lettering | NATIONAL BANK OF NICARAGUA INCORPORATED BANCO NACIONAL DE NICARAGUA VEINTE CÓRDOBAS HAMILTON BANK NOTE CO., NY (Translation: National Bank of Nicaragua Incorporated National Bank of Nicaragua Twenty Córdobas Hamilton Bank Note Co., NY) |
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The National Bank of Nicaragua Incorporated was itself a curious institution — a privately capitalized American-chartered bank granted the sole right of issue in Nicaragua under a 1911 concession, part of the broader financial reorganization brokered by U.S. bankers and backed by State Department pressure during the dollar diplomacy period. The bank operated under Nicaraguan law but answered, in practice, largely to its New York shareholders.
Hamilton Bank Note Company handled relatively few Latin American government contracts during this period, making their Nicaraguan work somewhat outside their typical clientele. P#59 is among the scarcer denominations from the 1912 founding series.