50 Centavos

Nicaragua's córdoba underwent a second major redenomination in 1991, replacing the córdoba oro at par — itself a stabilization currency introduced just two years earlier to arrest hyperinflation that had peaked above 30,000% annually in 1988. The 50 centavos sits at the fractional end of that rebuilt system, issued by the Canadian Bank Note Company out of Ottawa at a moment when the country was still navigating post-Sandinista economic reconstruction under the newly elected Chamorro government.

CBN had a long-standing relationship with Nicaraguan currency production through this period, handling much of the series consistently.