500 Cordobas

Nicaragua's mid-1980s notes were issued during a period of accelerating hyperinflation driven by the Contra war and a US trade embargo — the 500 Córdobas denomination, substantial when first authorized, had been effectively eroded long before these notes finished printing. Thomas De La Rue produced the series to a reasonable technical standard, but the economic conditions meant new, higher denominations were already in planning by the time this note reached circulation.

The 1988 monetary reform replaced the Córdoba at 1,000-to-1, rendering the entire series obsolete within three years of issue.