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5 Cordobas
| Issuer | Banco Central de Nicaragua |
|---|---|
| Year | 1968 |
| Type | Log in to see details |
| Value | 5 Córdobas |
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| Composition | Log in to see details |
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| Engraver(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Green intaglio print over a multicolor guilloche underprint. A central vignette portrays Francisco Hernández de Córdoba, the Spanish conquistador and founder of the first permanent settlements in Nicaragua, after whom the currency is named. The denomination and issuing bank name are inscribed across the reverse. |
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| Protection type | Watermark |
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| Comments |
Nicaragua's Córdoba series of the late 1960s was printed during a period of relative monetary stability under the Somoza regime, when the Córdoba held a fixed peg to the US dollar at 7:1 — a rate maintained with unusual discipline from 1912 until the political and economic unraveling of the late 1970s. Thomas De La Rue's involvement was standard for Central American central banks of the period, several of which outsourced their entire note production to London rather than develop domestic printing capacity.
Pick 116 is the second of two signature varieties for this denomination, distinguished by the officials signing in their respective capacities as President and Minister of Finance.