Nicaragua - The Land of Lakes and Volcanoes
100 Cordobas 1953-54 Issue P104

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Note Details

Set Details

Note Description: Nicaragua, Banco Nacional
100 Córdobas 1959-60
Grade: VF 30
Country: NIC
Note Number: NIC104b
- Printer: TDLR
Certification #: 8065183-009  
Owner: Love Collection
Sets Competing: Nicaragua - The Land of Lakes and Volcanoes  Score: 369
Nicaragua- Thomas de la Rue Set  Score: 369
Date Added: 10/18/2019
Research: See PMG's Census Report for this Note

Owner's Description

The banknotes from the series 1959/1960 were authorised through an executive decree # 16 on the 22nd of October 1959. The order was for a total of 39,050,000 banknotes in denominations of 1, 5, 10, 20, 50 & 100 Cordobas, with a total face value of C$250,000,000 by the English company Thomas de La Rue. The issue was divided into 2 emissions with the first emission being "Serie de 1959" and the 2nd emission authorised under executive decree # 14 on the 27th of September 1960 for the further 50% showing "Serie de 1960". These banknotes will keep the same design, shape and size for the banknotes authorised under executive decree #21 on the 19th of September 1953.
For the 100 Cordoba note there was an order of 1.25 million notes, divided between each year. So there was 625,000 notes issued with serial numbers starting from 0000001 and onwards for each of the series.
The obverse of the notes feature Jose Dolores Estrada a Nicaraguan National Hero that was in charge of an army that helped defeat the filibuster army of William Walker in the battle at San Jacinto Hacienda (featured on the reverse of the note) in 1856. He is also featured on subsequent 100 Cordoba banknotes until 1985 as well as the 50 Cordobas from 1988, the 50,000 Cordobas from 1989, the 10 million from 1990 and finally the 500 Cordobas banknotes from 2002 & 2006.
The reverse of the note feautures the Palacio Nacional (National Palace) which survived the earthquake of 1972 it was taken as a seige on the 22nd of August 1978 by 25 guerrilla FSLN rebels. And was finally renamed Palacio Nacional de Cultura (National Palace of Culture) through a decree approved on the 11th of October 1999 and is currently a museum.

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