Catalog
500 Córdobas
| Issuer | Banco Nacional de Nicaragua |
|---|---|
| Year | 1945 |
| Type | Standard circulation banknote |
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| Obverse description | Black intaglio on multicolour guilloche underprint. Central vignette consists of a portrait of the poet Rubén Darío at centre, surrounded by ornate scrollwork. Two signature varieties exist: one with both left and right signatures, and one with the right signature absent. |
|---|---|
| Obverse lettering | BANCO NACIONAL DE NICARAGUA DEPARTAMENTO DE EMISIÓN, MANAGUA SERIE DE 1945 500 VALE POR QUINIENTOS CÓRDOBAS ESTE BILLETE HA SIDO EMITIDO DE CONFORMIDAD COM EL DECRETO- LEY DE 20 DE OCTUBRE DE 1940 LA LEY DE 4 DE AGOSTO DE 1941; DEBERÁ SER RECIBIDO EN PAGO DE LOS DERECHOS ADUANEROS Y FISCALES Y SERÁ DE CURSO LEGAL Y OBLIGATORIO PARA EL PAGO DE DEUDAS DENTRO DE LA REPUBLICA. DE CONFORMIDAD CON EL DECRETO-LEY DE 26 DE OCTUBRE DE 1940 Y LA LEY DE 4 DE AGOSTO DE 1941, Y BAJO LAS CONDICIONES PRESCRITAS EN LOS MISMOS, EL BANCO NACIONAL DE NICARAGUA, DEPARTAMENTO DE EMISIÓN, PAGARÁ A LA VISTA AL PORTADOR, POR ESTE BILLETE QUINIENTOS CÓRDOBAS. AMERICAN BANK NOTE COMPANY (Translation: National Bank of Nicaragua Emission Department, Managua Series 1945 500 Worth for Five Hundred Cordobas This note has been issued in accordance with the Decree-Law of October 20, 1940, the Law of August 4, 1941; it must be received in payment of customs and tax duties and will be legal and mandatory for the payment of debts within the Republic. In accordance with the Decree-Law of October 26, 1940 and the Law of August 4, 1941, and under the conditions prescribed therein, the National Bank of Nicaragua, issuing department, shall pay at sight to bearer, for this note, Five Hundred Cordobas. American Bank Note Company) |
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| Comments |
The Banco Nacional de Nicaragua was not a conventional central bank — it was majority-owned by the Nicaraguan government but operated under a hybrid charter that gave it both commercial and monetary functions simultaneously. By 1945, that arrangement was already under political strain, and the institution would be dissolved and replaced by the Banco Central de Nicaragua in 1961.
ABNC printed the bulk of Nicaragua's mid-century note production, and the 500 Córdobas was the highest denomination in circulation at the time — a significant face value in a country where agricultural wages remained extremely low. High-denomination notes of this series are rarely found with evidence of heavy commercial use.