Nicaragua - The Land of Lakes and Volcanoes
100 Cordobas 1985 (1988) Issue P154

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Note Details

Set Details
Note Description: Nicaragua, Banco Central
100 Córdobas 1985 (ND 1988)
Grade: 66 EPQ
Country: NIC
Note Number: NIC154
Signatures/
Vignettes:		 - Wmk: A.C. Sandino
Certification #: 1827180-049  
Owner: Love Collection
Sets Competing: Nicaragua - The Land of Lakes and Volcanoes  Score: 76
Date Added: 7/9/2019
Research: Currently not available

Owner's Description

These new issue notes were part of the then Sandinista covert Central Bank operation called Bertha (Operacion Berta), this was in part to help stem the problem of hyper inflation but was also a huge blow to those that held the old currency particularly those in business or had farms and dealt with large sums of cash. These notes are dated 1985 but weren't actually introduced into circulation until the president announced a decree demonetising the old Cordoba on a Sunday which happened to be Valentines Day 14th of February 1988. The general public only had 3 days in which to change over the old currency at official change tables set up throughout the country. The exchange rate was set at 1000 old cordobas for 1 new cordoba and there was a maximum of 10,000,000 old cordobas that could be exchanged per person or business entity. Those that held more than that amount were left with worthless pieces of paper that could be surrender to the central bank for nothing or could be kept as souvenirs, I recall reading a story that some business owners actually got together and had organised a bonfire to burn the old currency!

These notes that were issued have several different prefixes from FA, FB, FC, FD, FE, FF (this is quite rare and very few examples are known to exist and mostly are circulated) and the replacement notes were ZA. Only the prefix FC wasn't used for a 100,000 cordoba overprint note (p159). I don't have any information on how many were produced but its quite possible there was up to 10,000,000 for each prefix (as I have seen serial numbers from 0-9) so quite possibly up to 60 million were produced and issued less those that were overprinted later.

The obverse of the note features Rigoberto Lopez Perez a poet declared a national hero by the Sandinista party in 1981, he would be remembered as the person who shot then president Anastasio Somoza in the chest (and he died later in hospital because of this) after he was able to infiltrate the Workers Social Club in Leon where Somoza was. Rigoberto himself was quickly shot dead in a hail of bullets by the National Guard. The Sandinistas had also renamed the national baseball stadium in his honour however it was renamed the Denis Martinez Stadium by the Arnoldo Aleman government in 1998. The reverse features the government building "Consejo De Estdao" or Council of State.

As of the time of writing (September 2019) this is the only 100 Cordobas (p154) note that appears in the registry by PMG.

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