Nicaragua Complete Set # 2
1/2 Cordoba 1990; 1991-92 ND Issues P172

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Note Details

Set Details
Note Description: Nicaragua, Banco Central
1/2 Córdoba ND (1992)
Grade: 66 EPQ
Country: NIC
Note Number: NIC172
Signatures/
Vignettes:		 - Printer: CBNC
Certification #: 1855961-027  
Owner: Love Collection
Sets Competing: Nicaragua Complete Set # 2  Score: 37
Date Added: 8/4/2019
Research: See PMG's Census Report for this Note

Owner's Description

This 1/2 Cordoba or 50 Centavos banknote was a slightly revised reprint from the previous issue (p171). Apart from the updated signatures the reverse of the note was redesigned. This would be the last time a fractional note would be issued as these notes were later replaced by fractional coins in 1994.

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 previous 50 Centavos de Cordobas banknotes were issued from 1912-1938.

There was a decree for 10 million of the first issue (p171) banknotes to be issued. I believe these notes started with the serial numbers A550000001 and went through to A65000000. Then they were followed through from A65000001 onwards such as this note which is in the 65 millions range. And the highest notes that I have seen are in the high 74 millions range drawing me to the conclusion that a further 10 million banknotes were ordered for this issue also.

The obverse of this note features 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 together with the National Flowwer - Sacuanjoche. It also has a sentence from the Nicaraguan National Anthem "Salve a ti, Nicaragua" (Hail to thee, Nicaragua) as written by Salomón Ibarra Mayorga. The sentence "qué el trabajo es tu digno laurel" which translates to: for work is thy well earned laurel.

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