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50 Pesos

Issuer Tesorería General de la República de Nicaragua
Year 1908
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Value 50 Pesos
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Obverse description Black ink on yellow and green underprint, with a portrait vignette of Simón Bolívar at the left and a central vignette of a man with an ox cart. The note bears the heading REPÚBLICA DE NICARAGUA with a date of 1 January 1908 and the stated denomination of CINCUENTA PESOS, confirmed as legal tender by the Tesoro Nacional. The printer's imprint of Waterlow Bro. & Layton Limited, Londres, appears at the lower margin.
Obverse lettering REPÚBLICA DE NICARAGUA 1º de Enero de 1908 VALE POR CINCUENTA PESOS que el Tesoro Nacional recibirá en calidad de moneda de curso legal. Waterlow Bro. & Layton Limited Londres, Inglaterra
(Translation: Republic of Nicaragua January 1st., 1908 Value of Fifty Pesos Which The Nacional Treasury will receive as legal currency. Waterlow Bro. & Layton Limited London, England)
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Waterlow Brothers & Layton secured a number of Central American government printing contracts in the early twentieth century, and this Nicaraguan issue is among the more obscure of them. The firm merged with Waterlow & Sons in 1914, so any Waterlow Brothers & Layton imprint places a note firmly before that date — useful when dating undated or ambiguously dated specimens in the series.

The Tesorería General, rather than a central bank, acted as the issuing authority here, reflecting Nicaragua's fragmented monetary administration during a period when the country was navigating successive debt crises and the early stages of what would become significant U.S. financial intervention by 1911.

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