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50 Cordobas

Issuer Banco Central de Nicaragua
Year 2006
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Value 50 Córdobas
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Reverse description Central vignette of the Castillo de la Inmaculada Concepción fortress on the Río San Juan, rendered in intaglio in dark violet, with a landscape view of the fortification and surrounding terrain. The Nicaraguan national seal — a triangle enclosing a landscape with volcanoes and a rising sun, encircled by the legends "REPUBLICA DE NICARAGUA" and "AMERICA CENTRAL" — is positioned to the right of the vignette. Denomination numerals "50" appear in each corner, and the caption "EL CASTILLO DE LA INMACULADA CONCEPCION, RIO SAN JUAN" is inscribed beneath the central vignette.
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Protection type Watermark, Security thread
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Comments

Nicaragua's 2006 note issues came during a period of relative monetary stability following the catastrophic hyperinflation of the late 1980s, when the córdoba lost so much value that the country eventually replaced it entirely with the "córdoba oro" in 1990, then gradually reintroduced the plain córdoba denomination structure. By 2006 the Banco Central had settled into a managed crawling peg against the US dollar, and the 50 córdoba denomination occupied genuine everyday utility rather than symbolic space.

Cotton substrate with watermark and embedded security thread places this squarely within the bank's standard security specification for the period — no unusual printing anomalies are documented for P#198.

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