Catalog
50 Centavos de Córdoba
| Issuer | National Bank of Nicaragua Incorporated (Banco Nacional de Nicaragua) |
|---|---|
| Year | 1938 |
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| Currency | First Córdoba (1912-1987) |
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| Obverse description | Dark brown intaglio print on blue underprint. A vignette at left shows a bust portrait of Liberty in three-quarter view, framed within a decorative rectangular border with guilloche ornaments. The denomination numeral 50 appears in each corner, with the bilingual bank title across the top and a central text block containing the legal tender clause; two manuscript signatures appear across the lower portion of the note, with the imprint of Hamilton Bank Note N.Y. at the bottom. |
|---|---|
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| Reverse lettering | NATIONAL BANK OF NICARAGUA INCORPORATED BANCO NACIONAL DE NICARAGUA 50 CENTAVOS CINCUENTA CENTAVOS DE CÓRDOBA HAMILTON BANK NOTE - NEW YORK (Translation: National Bank of Nicaragua Incorporated National Bank of Nicaragua 50 Cents Fifty Centavos de Córdoba Hamilton Bank Note - New York) |
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| Comments |
The Banco Nacional de Nicaragua was itself a peculiar institution — incorporated under New York state law in 1924, with the United States government holding a controlling interest until Nicaragua finally bought out the American share in 1940. This note was printed just two years before that transfer, during a period when the bank's foreign incorporation was a constant irritant to Nicaraguan nationalists. Hamilton Bank Note Company handled the printing work throughout the series.
The córdoba had replaced the peso in 1912 specifically to stabilize exchange against the U.S. dollar at a fixed rate of one-to-one — a parity that held, with interruptions, for decades.