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50 Cordobas

Issuer Banco Central de Nicaragua
Year 2006
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Value 50 Córdobas
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Obverse description Portrait vignette of journalist and politician Pedro Joaquín Chamorro Cardenal at right, set against a light guilloche underprint in pale blue and violet tones. The large numeral "50" appears at centre-left alongside the Nicaraguan coat of arms watermark device, with the issuer inscription "BANCO CENTRAL DE NICARAGUA" across the top and "CINCUENTA CORDOBAS" below the central numeral. A row of microtext reading "CORDOBA" runs along the lower border, and two facsimile signatures with titles appear below a resolution text block at centre.
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Reverse lettering BANCO CENTRAL DE NICARAGUA 50 REPUBLICA DE NICARAGUA AMERICA CENTRAL CINCUENTA CORDOBAS EL CASTILLO DE LA INMACULADA CONCEPCION, RIO SAN JUAN CORDOBA CORDOBA CORDOBA CORDOBA CORDOBA CORDOBA
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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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