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50 000 Cordobas overprinted on 50 Cordobas
| Issuer | Banco Central de Nicaragua |
|---|---|
| Year | 1987 |
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| Printer | Thomas De La Rue & Company, London, United Kingdom |
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|---|---|
| Obverse lettering | BANCO CENTRAL DE NICARAGUA CINCUENTA MIL CORDOBAS 50000 CINCUENTA MIL COMANDANTE CARLOS FONSECA AMADOR |
| Reverse description | Central vignette illustrates the Liberation Day scene of 19 July 1979, with crowds and armed figures gathered before a large neoclassical building, printed in purple intaglio over a fine guilloche underprint. A bold black overprint reading '50,000 / CINCUENTA MIL' is superimposed across the centre of the composition. Corner medallions carry the 'BCN' monogram, and the lower panel bears the denomination legend in full. |
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| Comments |
Nicaragua's inflation in the late 1980s was severe enough that overprinting existing stock became the faster solution — cutting through the delay of commissioning and printing entirely new notes. This example takes a Thomas De La Rue-printed 50 Córdobas and stamps a 1,000-fold redenomination directly onto it. The underlying note had been in circulation; the overprint pushed it back out.
By 1988, even these stop-gap denominations were obsolete. The córdoba was replaced by the córdoba oro the following year at a rate of 1,000 to 1, effectively erasing the overprint's entire purpose within 24 months of issue.