Nicaragua Complete Set # 2
5 Centavos 1990; 1991-92 ND Issues P168

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Note Details

Set Details
Note Description: Nicaragua, Banco Central
5 Centavos ND (1991)
Grade: 66 EPQ
Country: NIC
Note Number: NIC168a
Signatures/
Vignettes:		 - Printer: H&S
Certification #: 1803016-004  
Owner: Love Collection
Sets Competing: Nicaragua Complete Set # 2  Score: 37
Date Added: 11/25/2019
Research: See PMG's Census Report for this Note

Owner's Description

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 obverse of all of the centavo notes feature 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.

These banknotes were of a separate design from the other banknotes issued in 1990 printed by Harrison & Sons Limited one of three printers used for this issue of banknotes.

There was a total of 50 million 5 centavo banknotes produced with prefixes A/A through to A/E with 10 million banknotes in each prefix. The 5 centavo had a signature variation. The prefix A/A and half of the A/B (0000001 to 5000000) was the first signature variety. And prefix A/B (5000001 to 10000000) And prefixes A/C, A/D & A/E were the second signature variety.

These banknotes were phased out with the introduction of centavo coinage in 1994, however I do recall receiving these banknotes at a bank branch in the mid 2000s. So they were still being used within the banking system over 10 years later.

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