Catalog
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| Issuer | Banco Central de Nicaragua |
|---|---|
| Year | 2002 |
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| Composition | Log in to see details |
| 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. |
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| 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.