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5000 Cordobas
| Issuer | Banco Central de Nicaragua |
|---|---|
| Year | 1985 |
| Type | Log in to see details |
| Value | 5000 Cordobas |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DE NICARAGUA 5000 CINCO MIL CORDOBAS SERIE G GENERAL BENJAMIN ZELEDON RESOLUCION DEL CONSEJO DIRECTIVO DEL BANCO CENTRAL DE NICARAGUA NO. CD-BCN-CXIV-1-85 DEL 30 DE ABRIL DE 1985 RESOLUCION DEL PODER EJECUTIVO DEL 11 DE JUNIO DE 1985 MINISTRO DE FINANZAS DE LA REPÚBLICA PRESIDENTE DEL BANCO CENTRAL DE NICARAGUA VICE PRESIDENTE DEL BANCO CENTRAL DE NICARAGUA |
| Reverse description | Log in to see details |
| Reverse lettering | BANCO CENTRAL DE NICARAGUA 5000 CINCO MIL CORDOBAS ASAMBLEA NACIONAL |
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| Comments |
Nicaragua's 1985 5000 Córdobas was printed against a backdrop of hyperinflationary collapse — by mid-decade, the Sandinista government was issuing notes in denominations that would have been unimaginable ten years earlier, largely to finance the Contra war while foreign exchange reserves dried up. The Canadian Bank Note Company had a long relationship with Central American issuers, and their Ottawa plant handled several Nicaraguan high-denomination runs during this period.
Watermark security was increasingly nominal by this point; inflation was outpacing counterfeiting as the primary threat to the currency's integrity. The 5000 Córdoba note was itself obsolete within a few years, superseded by the 1988 monetary reform that introduced the New Córdoba at a conversion rate of 1,000 to 1.