Catalog
20 Córdobas
| Issuer | National Bank of Nicaragua Incorporated (Banco Nacional de Nicaragua) |
|---|---|
| Year | 1929-1939 |
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| Engraver(s) | Log in to see details |
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| Reference(s) | P#67 |
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|---|---|
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| Reverse description | Printed in blue. The Nicaraguan Coat of Arms — an equilateral triangle enclosing five volcanic peaks rising from the sea beneath a radiant cap of liberty, encircled by the national legend — occupies the central vignette, flanked by symmetrical guilloche rosettes bearing the numeral 20 at left and right. The denomination VEINTE CÓRDOBAS is set within a cartouche at the bottom, with the printer's imprint below. |
| 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.