50 Córdobas 50th Anniversary BCN - Gold

The Banco Central de Nicaragua was established in 1960, replacing the earlier National Bank which had handled monetary functions since 1912. Nicaragua's central banking history runs directly through the Somoza dictatorship, the Sandinista revolution of 1979, the hyperinflationary crisis of the late 1980s — when the córdoba lost virtually all value and was replaced by the gold córdoba at a rate of 1,000,000 to 1 — and the subsequent reconstruction under IMF austerity programs. Fifty years of that institutional survival is what this issue marks.

KM#110b is the gold variant in a multi-metal commemorative series; a silver companion was struck in the same program.