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50 000 Cordobas
| Issuer | Banco Central de Nicaragua |
|---|---|
| Year | 1989 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Size | 135 × 58 mm |
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| Obverse description | Multicolour guilloche underprint with a portrait vignette of General José Dolores Estrada Vado at right. Serial numbers printed in black appear in two positions, with three facsimile signatures of bank officials positioned below the central design. The issuing authority title and denomination inscriptions are rendered in bold lettering across the face. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Multicolour vignette of the Casa Hacienda San Jacinto set against a background map of Nicaragua divided into a grid of squares. The denomination numeral and name of the historical site are inscribed in panel lettering, with the bank name and value repeated in the border areas. |
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| Comments |
Nicaragua's inflation in the late 1980s was catastrophic — the córdoba lost value so rapidly that the government issued this denomination as a stopgap measure while the new córdoba replacement currency was being prepared. The 50,000 córdoba note arrived essentially as monetary triage, not as a long-term instrument. The Sandinista government's financing of the contra war and chronic balance-of-payments deficits had pushed annual inflation past 30,000 percent by 1988.
The Canadian Bank Note Company contract is notable given the political climate — a U.S.-allied printer working for a government the Reagan administration was actively trying to destabilize. The 1990 currency reform converted these at 1 new córdoba to 1,000,000 old, rendering the entire series obsolete almost immediately after issue.