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5 Cordobas

Issuer Banco Central de Nicaragua
Year 1995
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Size 156 × 67 mm
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Reverse description Multicolour central vignette illustrating the heroic scene of Rafaela Herrera firing a cannon toward a British warship, rendered in intaglio against a light guilloche background with hills and a river landscape. The figure of Rafaela Herrera stands at right in period dress, applying a linstock to the cannon aimed at the tall-masted British vessel at centre-left, which flies the Union Jack. The note is framed by dark green ornamental borders with corner numeral '5' devices, and a Rubén Darío quotation appears in the upper field.
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Protection type Watermark, Security thread
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Comments

Nicaragua's 1990s cordoba series followed the 1988 monetary reform that introduced the "nuevo córdoba" to halt hyperinflation that had reached tens of thousands of percent annually under the Sandinista wartime economy. By 1995 the currency had been partially restabilized under the Chamorro government, and these notes were produced to meet routine transactional demand rather than crisis need — a marked contrast to the emergency emissions of the previous decade.

Oberthur's Rennes facility handled a significant share of Latin American central bank contracts during this period. Security provision on this denomination is modest: watermark and thread only, no UV or chemical features documented for P#180.

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