Nicaragua Complete Set # 3
500 Cordobas 1941-45 Issue P98

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Note Details

Set Details
Note Description: Nicaragua, Banco Nacional
500 Córdobas 1945
Grade: AU 55
Country: NIC
Note Number: NIC98a
Signatures/
Vignettes:		 - Printer: ABNC
Certification #: 5003599-015  
Owner: Love Collection
Sets Competing: Nicaragua Complete Set # 3  Score: 768
Date Added: 11/17/2019
Research: See PMG's Census Report for this Note

Owner's Description

These were an all new denomination for Nicaragua and the largest banknote during this period they had a fairly high face value for the time and were roughly worth $71 USD with the exchange rate pegged at 7:1 during this period. The Central Bank currently still has these banknotes available for sale as of November 2019.

These notes feature a black background with the effigy of legendary Nicaraguan poet Ruben Dario on the obverse who was featured on the 500 Cordobas notes from this emission in 1945, and the subsequent releases in 1953, 1954, 1962, 1972 and changed colour in 1979 and 1985. The reverse features the National Coat of Arms.

I had read somewhere that Somoza himself wanted to feature on this new note, however he was convinced to put Ruben Dario instead. Somoza would have to wait a few more years until 1953 to feature on the larger 1000 Cordobas note!

There were 2 executive decrees authorising these notes, the first # 53 on the 8th of May 1946 for 80,000 notes from serial # 000001 - 080000. The second # 26 on the 28th of January 1954 for a further 40,000 from serial numbers 080001 - 120000.

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