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50 Córdobas

Issuer Banco Central de Nicaragua
Year 1990-1991
Type Standard circulation banknote
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Obverse lettering `Nicaragua volverá a ser República` Pedro J. Chamorro BANCO CENTRAL DE NICARAGUA 50 CINCUENTA CORDOBAS CANADIAN BANK NOTE COMPANY LIMITED
(Translation: `Nicaragua will again become a Republic` Pedro J. Chamorro Central Bank of Nicaragua 50 Fifty Cordobas Canadian Bank Note Company Limited)
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Reverse lettering BANCO CENTRAL DE NICARAGUA 19 de julio de 1979 25 de febrero de 1990 CINCUENTA CORDOBAS
(Translation: Central Bank of Nicaragua July 19, 1979 February 25, 1990 Fifty Cordobas)
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Comments

Nicaragua's monetary situation in 1990–1991 was in freefall. The Córdoba had been devastated by hyperinflation through the late 1980s — at its worst, the country was running annual inflation above 30,000% — and the Banco Central was issuing denominations that would have been unimaginable a decade earlier. This 50 Córdoba note belongs to the transitional period just as the Chamorro government took power and began dismantling the Sandinista-era monetary framework.

The Canadian Bank Note Company contract reflects a pattern common to Central American issuers lacking domestic security printing capacity. Ottawa-produced notes of this period are generally well-executed technically, though the economic chaos they were printed to serve meant many saw rapid, heavy circulation before the 1990 Córdoba Oro reform rendered the entire series obsolete.

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