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50 Cordobas

Issuer Banco Central de Nicaragua
Year 1968
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Size 156 x 67 mm
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Obverse description Purple intaglio on a multicolour guilloche underprint. The central vignette presents a rectangular-framed portrait of Máximo Jerez, flanked on each side by large numeral 50 counters, with the bank title and denomination carried across the upper margin. The lower portion bears the authorising decree text, the value inscription VALE POR CINCUENTA CÓRDOBAS, three facsimile signatures of issuing officials, and the printer's imprint at the base.
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Reverse description Purple intaglio on a plain paper ground. An oval portrait of Francisco Hernández de Córdoba, Spanish conquistador and founder of Nicaragua's earliest cities, occupies the central vignette within an ornate scrollwork cartouche, flanked by large numeral 50 counters in the left and right fields. The bank title runs across the upper margin, the denomination CINCUENTA CÓRDOBAS appears along the lower margin, and the printer's imprint is set at the base.
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Comments

Nicaragua's central bank had operated for barely a decade when this note entered circulation — the Banco Central was only established in 1960, replacing the older Banco Nacional as the country's monetary authority. Thomas De La Rue's involvement here was essentially an inherited relationship; the British firm had printed Nicaraguan currency going back to the Somoza-era issues of the 1940s and 1950s, and continuity of supplier was a deliberate policy choice by the new institution during its formative years.

The Pick 119 series is moderately scarce in top grades due to the humid Central American climate, which is particularly unkind to De La Rue's cotton substrate from this period.

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