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25 Centavos de Córdoba

Issuer National Bank of Nicaragua Incorporated (Banco Nacional de Nicaragua)
Year 1938
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Printer American Bank Note Company, New York, United States
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Reverse description Printed entirely in orange. The central vignette presents the Nicaraguan Coat of Arms in the form of a triangle enclosing five volcanic peaks rising from the sea beneath a liberty cap on a pole, set against a radiating sky. Two large guilloche rosettes bearing the numeral '25' flank the central arms vignette symmetrically at left and right. The entire design is enclosed within a finely ruled geometric border, with bilingual bank name inscriptions at top and denomination text at bottom.
Reverse lettering NATIONAL BANK OF NICARAGUA INCORPORATED BANCO NACIONAL DE NICARAGUA 25 25 VEINTE Y CINCO CENTAVOS DE CÓRDOBA AMERICAN BANK NOTE COMPANY, NEW YORK
(Translation: National Bank of Nicaragua Incorporated National Bank of Nicaragua 25 25 Twenty Five Centavos de Córdoba American Bank Note Company, New York)
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The Banco Nacional de Nicaragua was a peculiar institution — nominally Nicaraguan but incorporated under U.S. law, with its capital structure and oversight tied to American financial interests that had been deeply embedded in the country since the Bryan-Chamorro Treaty era. By 1938, Nicaraguan monetary affairs were still operating under frameworks shaped by that foreign involvement, and notes like this one reflect a banking arrangement that had little real parallel elsewhere in Latin America.

The American Bank Note Company produced this in fractional córdoba denominations primarily to address a chronic shortage of small-change coinage in rural commerce.