Nicaragua - The Land of Lakes and Volcanoes
5 Cordobas Decreto 26.4.1962 P108

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Note Details

Set Details
Note Description: Nicaragua, Banco Central
5 Córdobas 1962
Grade: AU 55 EPQ
Country: NIC
Note Number: NIC108
Signatures/
Vignettes:		 - Printer: ABNC
Certification #: 8066943-004  
Owner: Love Collection
Sets Competing: Nicaragua - The Land of Lakes and Volcanoes  Score: 48
Nicaragua - American Bank Note Co.  Score: 48
Date Added: 11/29/2019
Research: See PMG's Census Report for this Note

Owner's Description

These new issue 1962 Series A banknotes were produced for the newly incorporated Banco Central de Nicaragua (Nicaraguan Central Bank). They were authorised on the 26th of April 1962 through Executive Decree # 71. The initial amount was for 5.2 million 5 Cordobas banknotes to be issued. This was then expanded through an executive decree # 68 on the 4th of April 1963 to include a total of 11.7 million 5 Cordobas banknotes. From Serial number 0000001 through to 11700000.

This has caused both 7 and 8 digit serial number variations those below 10 million with 7 digits and from 10000000 through to 11700000 with 8 digits.

The obverse of this 5 Cordobas note shows Cacique Nicarao who was also featured on the previous 5 Cordobas issues from 1953-1960. Believed to be the chief of the tribe Nicarao, the indigenous population that inhabited the land on the South Western coast of modern day Nicaragua and North Western Coast of Costa Rica, that had made contact with Spanish explorers from Panama in the 1520s. The design will be carried forward to the series B 1968 banknotes also.

The rear of the note shows 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.

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