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20 Córdobas
| Issuer | National Bank of Nicaragua Incorporated (Banco Nacional de Nicaragua) |
|---|---|
| Year | 1929-1939 |
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| Reference(s) | P#67 |
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|---|---|
| Obverse lettering | NATIONAL BANK OF NICARAGUA INCORPORATED BANCO NACIONAL DE NICARAGUA SERIE DE 1929 SPECIMEN 20 VALE POR VEINTE CÓRDOBAS 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. 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. AMERICAN BANK NOTE COMPANY (Translation: National Bank of Nicaragua Incorporated National Bank of Nicaragua Series 1929 Specimen 20 Worth Twenty Cordobas 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. In accordance with the Law of March 20, 1912 and its amendments and under the conditions prescribed by those laws, the National Bank of Nicaragua Incorporated will pay on sight to the bearer of this note Twenty Cordobas. American Bank Note Company) |
| Reverse description | Log in to see details |
| Reverse lettering | NATIONAL BANK OF NICARAGUA INCORPORATED BANCO NACIONAL DE NICARAGUA REPUBLICA DE NICARAGUA AMERICA CENTRAL VEINTE CÓRDOBAS AMERICAN BANK NOTE COMPANY (Translation: National Bank of Nicaragua Incorporated National Bank of Nicaragua Republic of Nicaragua Central America Twenty Cordobas American Bank Note Company) |
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| Comments |
The Banco Nacional de Nicaragua was itself a peculiar institution — chartered in the United States in 1912 under a Connecticut law and substantially owned by American banking interests until Nicaragua gradually bought out the foreign shareholders through the 1940s. The notes it issued during this period were, in a meaningful sense, instruments of a bank that was only partly Nicaraguan.
ABNC's New York engraving work on the P#67 series is competent but unremarkable within their Latin American output of the period. What distinguishes the issue is its eleven-year print span across a decade that included the Great Depression and the final withdrawal of U.S. Marines from Nicaragua in 1933 — both of which severely disrupted the country's monetary conditions and trade volumes.