Nicaragua - The Land of Lakes and Volcanoes
25 Centavos 1938 Issue P88

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Note Details

Set Details
Note Description: Nicaragua, Banco Nacional
25 Centavos 1938
Grade: 64 EPQ
Country: NIC
Note Number: NIC88a
Signatures/
Vignettes:		 - Printer: ABNC
Certification #: 8065183-004  
Owner: Love Collection
Sets Competing: Nicaragua - The Land of Lakes and Volcanoes  Score: 1253
Nicaragua - American Bank Note Co.  Score: 1253
Date Added: 10/18/2019
Research: See PMG's Census Report for this Note

Owner's Description

This was the third and last 25 centavo note introduced in 1938. It was also very short lived as the fractional coins were used to replace the banknotes only one year later in 1939. The fractional note wouldn't return to Nicaragua until 1991 with the New Cordoba Oro.

Unlike the other two emissions this particular banknote kept the same design as the previously issued 1912 (P 53) 25 Cent banknotes. There was believed to be 1 million produced through two separate decrees, this note being 990 thousand would have made it within the last 10 thousand notes and was possibly a remnant note.

The first executive decree was # 96 on the 14th of November 1938 that was part of 2.94 million cordobas being placed into circulation. The amount was 400,000 notes from serial number 000001 through to 400000 with a face value of C$100,000 Cordobas.

The second executive decree was # 105 on the 22nd of December 1938 that was part of 2.28 million cordobas being placed into circulation. The amount was 600,000 notes from serial numbers 400001 through to 1000000 with a face value of C$150,000 Cordobas.

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