5 Cordobas

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.