Nicaragua Complete Set # 2
1 Centavo 1990; 1991-92 ND Issues P167

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Note Details

Set Details
Note Description: Nicaragua, Banco Central
1 Centavo ND (1991)
Grade: 66 EPQ
Country: NIC
Note Number: NIC167
Signatures/
Vignettes:		 - Printer: H&S
Certification #: 1803016-003  
Owner: Love Collection
Sets Competing: Nicaragua Complete Set # 2  Score: 37
Date Added: 11/30/2019
Research: See PMG's Census Report for this Note

Owner's Description

The Centavo banknotes from the new 1990 Cordoba Oro release was the first time fractional centavo banknotes had been used in Nicaragua since they were phased out and replaced with coins over 60 years prior in 1939. The Un (1) Centavo banknote is the lowest denomination banknote that Nicaragua had ever produced. The previous lowest denomination was 10 Centavos de Cordobas issued from 1912-1938. There was however 5 centavos issued but under the previous currency (pesos pre-1912) and there was also a provisional overprint banknote that was valued at 4 centavos de cordoba.

The obverse of all of the centavo notes feature Francisco Hernandez de Cordoba, the Nicaraguan currency's namesake. He was a Spanish explorer and the founder of the cities of Leon and Granada in Nicaragua. The reverse features the Nicaraguan coat of arms.

These banknotes were of a separate design from the other banknotes issued in 1990 printed by Harrison & Sons Limited one of three printers used for this issue of banknotes.

There was a total of 50 million 1 centavo banknotes produced with prefixes A/A through to A/E with 10 million banknotes in each prefix. The 1 centavo was the only banknote of the series that doesn't have a signature variation. All banknotes were issued with the signature of the president of the Central Bank Francisco Mayorga.

These banknotes were phased out with the introduction of centavo coinage in 1994, however I do recall receiving these banknotes at a bank branch in the mid 2000s. So they were still being used within the banking system over 10 years later.

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