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1 Córdoba
| Issuer | Banco Nacional de Nicaragua |
|---|---|
| Year | 1935-1938 |
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| Composition | Paper |
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| Obverse description | Blue on peach underprint. Central vignette shows two allegorical figures seated on a rocky cliff above the sea, rendered in intaglio with fine guilloche work framing the composition. Denomination numeral and bilingual bank title appear in the upper border, with extensive legal tender text in Spanish filling the lower portion of the note. |
|---|---|
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| Reverse description | Printed in green. The Nicaraguan Coat of Arms — an equilateral triangle enclosing five volcanoes rising from the sea beneath a rainbow and liberty cap — occupies the center, surrounded by the circular legend REPÚBLICA DE NICARAGUA • AMERICA CENTRAL. Symmetrical guilloche rosettes bearing the numeral 1 and the word CÓRDOBA flank the arms at left and right, with BANCO NACIONAL DE NICARAGUA in a bold panel across the top and UN CÓRDOBA at the foot, above the printer's imprint. |
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| Comments |
The Banco Nacional de Nicaragua was established in 1912 under considerable American financial influence — the U.S. had effectively controlled Nicaraguan customs revenues since 1911, and the bank itself was majority-owned by American banking interests until the Nicaraguan government finally bought out the foreign shareholders in 1924. By 1935, the institution was fully nationalized, making this note a product of that hard-won fiscal independence, even if the printing contract still went to New York.
Hamilton Bank Note Company was a mid-tier American security printer that handled Central American and Caribbean contracts during the interwar years when the larger houses — ABNCo, ABNC — were oversubscribed. Their intaglio work on this series is competent but not distinguished.