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5 Centavos

Issuer Banco Central de Nicaragua
Year 2002
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Weight 3 g
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Obverse description Central device depicts the national arms of Nicaragua: an equilateral triangle enclosing five volcanic peaks rising from the sea, surmounted by a radiant sun and a Phrygian cap atop a staff, symbolising liberty. The triangle is framed by a plain border at its base. A continuous beaded border encircles the field, with the upper legend REPUBLICA DE NICARAGUA arcing around the top and AMERICA CENTRAL along the bottom, both in raised Latin characters.
Obverse script Latin
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Additional information

Nicaragua's 2002 coinage was issued under conditions of persistent fiscal strain — the country was still restructuring debt from the Sandinista-era economic collapse and the catastrophic damage of Hurricane Mitch in 1998, which wiped out roughly 45% of GDP. The córdoba had been redenominated as recently as 1991, replacing the old córdoba at a rate of 5 million to one.

Copper-plated steel was adopted for the small-denomination coins of this series as a direct cost-reduction measure, replacing earlier bronze compositions.

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