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5000 Cordobas

Issuer Banco Central de Nicaragua
Year 1988
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Composition Cotton paper
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Obverse description Brown, orange, and black on multicolour underprint. A map of Nicaragua is positioned at upper centre, with a portrait vignette of General José Dolores Zeledón at right. Black overprint elements include a signature and official title inscription applied over the base design.
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Reverse description Vignette of the National Assembly building occupies the central field, with black overprint elements applied over the base design. Guilloche patterns are printed at the left and right margins as additional decorative and security elements.
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Comments

Nicaragua's 1988 hyperinflationary spiral was among the most severe in Latin American history — by the time this note was issued, the córdoba had lost virtually all practical value against the dollar. The 5,000 denomination, unimaginable a decade earlier, was effectively small change within months of printing.

The Sandinista government's monetary policies during the Contra war years forced repeated redenomination; this series was itself superseded in 1990 when the new córdoba oro replaced the inflated currency at a rate of one new unit for every five million old ones.

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