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50 000 Cordobas overprinted on 50 Cordobas
| Issuer | Banco Central de Nicaragua |
|---|---|
| Year | 1987 |
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| Composition | Paper |
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| Obverse description | Portrait of Comandante Carlos Fonseca Amador at right, rendered in intaglio on a purple-toned guilloche underprint. A large black overprint reading '50,000 / CINCUENTA MIL' is applied across the centre of the note over the original 50 Córdobas design, with resolution text and series lettering visible above. Three signature panels with titles appear along the lower margin. |
|---|---|
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| 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.