Nicaragua Complete Set # 3
20 Cordobas 1990; 1991-92 ND Issues P176

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Note Details

Set Details
Note Description: Nicaragua, Banco Central
20 Córdobas ND (1990)
Grade: 66 EPQ
Country: NIC
Note Number: NIC176
Signatures/
Vignettes:		 - Printer: CBNC
Certification #: 8070528-030  
Owner: Love Collection
Sets Competing: Nicaragua Complete Set # 3  Score: 94
Date Added: 10/28/2020
Research: See PMG's Census Report for this Note

Owner's Description

The new Cordoba Oro dated 1990 and introduced into circulation in 1991, was made up of banknotes from different printers. The 1/2, 20 & 50 Cordobas Banknotes were all produced by the Canadian Banknote Company.

There is two different serial number varieties this being the second. I believe that these banknotes actually started with serial number A20000000. And I estimate there was about 20 million produced in total. The details that are available from the Flores book shows that the initial Central Bank Resolution is for 2 million 20 Cordoba notes. But clearly much more were printed in further resolutions.

The obverse has the effigy of revolutionary leader Augusto César Sandino, the rebellious guerrilla leader that fought against the United States involvement and military presence in Nicaragua. He was later executed at the hands of the national guard under orders of General Anastasio Somoza who would later become president and dictator of Nicaragua. He was also featured on the 1000 Cordobas notes issued throughout the 1980s.

The Sandinistas later adpoted his name for their political party and his famous wide brimmed hat and portrait are widely used in their political propaganda and was also featured on the reverse of the coins issued during the 1980s whilst the Sandinistas were in power.

On the reverse of the note is another Nicaraguan that is considered a National Hero he is Emmanuel Mongalo a teacher that volunteered to fight against the filibusters of William Walker, the scene depicts him using a molotov cocktail to a building where the filibusters were held up on the 29th of June 1855. The teachers day is celebrated in Nicaragua on the 29th of June in his honour.

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