Nicaragua Complete Set # 3
2 Cordobas Decreto 27.4.1972 P121

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Note Details

Set Details
Note Description: Nicaragua, Banco Central
2 Córdobas 1972 - Printer: TDLR
Grade: 67 EPQ
Country: NIC
Note Number: NIC121a
Signatures/
Vignettes:		 - 3 Signatures
Certification #: 1821165-050  
Owner: Love Collection
Sets Competing: Nicaragua Complete Set # 3  Score: 50
Nicaragua- Thomas de la Rue Set  Score: 50
Date Added: 6/9/2019
Research: See PMG's Census Report for this Note

Owner's Description

The 2 Cordoba note of 1972 marks the return for this denomination after a 27 year absence since the 1945 release (previously used from 1912-1945). It was absent from the releases of the 1950s and the Series A & B from 1962 & 1968 respectively. This would also be the last time the 2 Cordoba denomination would be used on a banknote in Nicaragua.

These notes feature the former Banco Central de Nicaragua (Nicaraguan Central Bank) Headquarters building on the obverse. This was a 15 level building in downtown Managua that was in use from 1964 until December 1972 (the same year these banknotes were issued) when a devastating earthquake struck Managua and destroyed a vast majority of the city, the building didn't topple but was deemed unsafe and the central bank was forced to relocate and remains on this new site to this day. The reverse features a scene depicting the cotton fields.

A rare variation exists that has no 3rd signature that is listed in the standard catalogue as Pick 121b. I have also seen another version that is hand signed by former president Anastasio Somoza but unlike the 1968 1 cordoba notes where a decree exists and calls for the first 1000 banknotes to be hand signed by the president I couldn't find any further information on this.

There was a total of 40 million banknotes of Dos (2) Córdobas that were issued under two separate decrees.

The first the Executive Decree 73-MEIC approved on the 27th of April 1972 authorised the issuance of a new Series C banknotes. For the 2 Córdobas there was a total 25,000,000 banknotes authorised with a total face value of C$50,000,000

There was second Executive Decree 76-MEIC approved on the 13th of March 1974 that authorised a further issuance of another 15,000,000 Dos Córdobas banknotes with a total face value of C$30,000,000

These banknotes will continue from the original first issuance of serial numbers from 25000001 - through to completion (40000000).

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