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20 Cordobas
| Issuer | Banco Central de Nicaragua |
|---|---|
| Year | 2002 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Printer | Canadian Bank Note Company, Ottawa |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO CENTRAL DE NICARAGUA PLAYA DEL CARIBE EN REGION ATLANTICA SUR VEINTE CORDOBAS REPUBLICA DE NICARAGUA AMERICA CENTRAL |
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| Protection type | Watermark |
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| Comments |
Nicaragua's córdoba had already been redenominated twice by the early 1990s — the 1988 currency reform introduced the new córdoba at a rate of 1,000 to 1, itself replaced within two years by the córdoba oro. By 2002 the system had stabilized, and this note entered circulation under relatively calm monetary conditions, a marked contrast to the hyperinflationary spiral that had consumed the 1980s Sandinista-era issues.
The Canadian Bank Note Company contract for Nicaraguan paper currency ran through several denominations in this period. Watermark-only security was modest even by early-2000s standards — later issues in the series added security threads and color-shifting ink.