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500 Córdobas
| Issuer | Banco Central de Nicaragua |
|---|---|
| Year | 1987 |
| Type | Log in to see details |
| Value | 500 Córdobas (500 NIC) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
| Shape | Log in to see details |
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| Orientation | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | Log in to see details |
| Reverse description | The large numeral 500 dominates the central field in bold raised figures, with the denomination legend CORDOBAS inscribed immediately below in smaller lettering. The upper peripheral legend EN DIOS CONFIAMOS arcs above, flanked by small star ornaments, while the lower peripheral legend PATRIA LIBRE O MORIR curves along the bottom rim, also separated by small star stops. The overall design is stark and typographic, with no additional pictorial elements. |
| Reverse script | Log in to see details |
| Reverse lettering | Log in to see details |
| Edge | Plain |
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| Additional information |
Nicaragua's 1987 coinage was struck amid a collapsing monetary system. The Córdoba had been devastated by hyperinflation driven by the Contra war, U.S. trade embargo, and chronic budget deficits under the Sandinista government — by 1988, inflation would exceed 30,000 percent annually. Issuing aluminium coins denominated at 500 Córdobas was a stopgap measure that fooled no one; the entire denomination structure was effectively worthless within months of striking.
A full monetary reform followed in 1988, replacing the Córdoba at a rate of 1,000 to one.