Nicaragua - The Land of Lakes and Volcanoes
10 Million Cordobas 1990 ND Emergency Issue P166

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Note Details

Set Details

Note Description: Nicaragua, Banco Central
10 Million Córdobas ND (1990)
Grade: 66 EPQ
Country: NIC
Note Number: NIC166
Signatures/
Vignettes:
- Wmk: A.C. Sandino
Certification #: 8066946-013  
Owner: Love Collection
Sets Competing: Nicaragua - The Land of Lakes and Volcanoes  Score: 37
Date Added: 11/29/2019
Research: See PMG's Census Report for this Note

Owner's Description

This was part of a new emergency issue and was the highest denomination notes to ever circulate in Nicaragua. This would be the last notes issued under the Sandinista government before the whole currency is scrapped and re-issued as the Cordoba Oro the following year. The exchange rate was roughly 365,000 Cordobas to One US dollar at the time these were released, equating to just over U$26 in value. Hyper Inflation would devalue the currency over the next year so much so that these new notes would only be worth around U$2 by 1991.

The obverse of the banknote features 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 in 1856. He was featured on the 100 Cordobas banknotes from 1962 through to 1984, then the 50 Cordoba banknote from 1988, as well as the 50,000 and this issue the 10 million Cordobas notes from 1989/90. And finally on the 2002/06 500 Cordobas banknotes.

The reverse of the banknote features Hacienda San Jacinto a farm located in the municipality of Tipitapa about 30 mins away from the capital of Managua. This farm was home to the battle of San Jacinto which took place on the 14th of September 1856. This scene was first depicted on the Series C 10 Cordobas banknote from 1972. Later it was featured on both the series A & B 2002 & 2006 500 Cordobas banknotes. The same Hacienda was also featured on the short lived emergency issue notes of 1989-90 on the 50,000 Cordobas and this the 10 million Cordobas with a slightly different design. And it returned to the newly issued 2016/19 1000 Cordobas banknotes.

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