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50 Centavos de Córdoba
| Issuer | National Bank of Nicaragua Incorporated (Banco Nacional de Nicaragua) |
|---|---|
| Year | 1938 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | NATIONAL BANK OF NICARAGUA INCORPORATED BANCO NACIONAL DE NICARAGUA 50 ESTE BILLETE HA SIDO EMITIDO DE CONFORMIDAD COM LA LEY DE 20 DE MARZO DE 1912 Y SUS ENMIENDAS. SERA RECIBIDO EN PAGO DE LOS DERECHOS ADUANEROS Y FISCALES Y SERÁ DE CURSO LEGAL Y OBLIGATORIO PARA EL PAGO DE DEUDAS DENTRO DE LA REPUBLICA. VALE POR CINCUENTA CENTAVOS DE CÓRDOBA DE CONFORMIDAD CON LA LEY DE 20 DE MARZO DE 1912 Y SUS ENMIENDAS Y BAJO LAS CONDICIONES QUE ESAS LEYES PRESCRIBEN EL `NATIONAL BANK OF NICARAGUA INCORPORATED`. PAGARÁ A LA VISTA AL PORTADOR DE ESTE BILLETE CINCUENTA CENTAVOS DE CÓRDOBA. SERIE DE 1938 Hamilton Bank Note N.Y. (Translation: National Bank of Nicaragua Incorporated National Bank of Nicaragua 50 This note has been issued in accordance with the Law of March 20, 1912 and its amendments. It will be received in payment of customs and fiscal duties and will be legal tender and mandatory for the payment of debts within the Republic. Worth Fifty Centavos de Córdoba in accordance with the Law of March 20, 1912 and its amendments and under the conditions that these laws prescribe, the National Bank of Nicaragua Incorporated will pay on sight to the bearer of this note Fifty Centavos de Córdoba. Series 1938 Hamilton Bank Note N.Y.) |
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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.