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1 Peso

Issuer Tesoro Nacional de Nicaragua
Year 1906
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Shape Rectangular
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Obverse description Black intaglio print on red and orange underprint, with a vignette at upper left of two women and a child gathering fruit. A female portrait vignette occupies the right side of the note, with text and denomination inscriptions in the surrounding panels.
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Reverse lettering TESORO NACIONAL - REPÚBLICA DE NICARAGUA 1 UN PESO Waterlow Bro. & Layton Limited - Londres, Inglaterra
(Translation: National Treasury - Republic of Nicaragua One Peso Waterlow Bro. & Layton Limited - London, England)
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Comments

Waterlow Bros. & Layton held the Nicaraguan contract through the early twentieth century, producing several related series for the Tesoro Nacional at their London works. This 1906 peso predates the American-backed currency reforms that would restructure Nicaraguan public finance after 1912, when the córdoba eventually displaced the peso as the unit of account — a shift driven as much by U.S. political pressure during the Zelaya era as by economic necessity.

Survivors are uncommon in any grade; Nicaragua's tropical climate was not kind to paper money in circulation.

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