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10 000 Cordobas overprinted on 10 Cordobas

Issuer Banco Central de Nicaragua
Year 1989
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Value 10 000 Córdobas (10 000 NIC)
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Obverse description Portrait of Comandante Carlos Fonseca Amador at right, shown in three-quarter view with glasses, against a guilloche underprint in green and black tones. A large black overprint reading '10,000 / DIEZ MIL CORDOBAS' is applied over the centre of the underlying 10 Córdobas note dated 1985, with two printed signatures at the lower centre. The serial number appears twice in black, at upper centre and lower right.
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Reverse lettering BANCO CENTRAL DE NICARAGUA 10.000 DIEZ MIL CORDOBAS MILICIAS POPULARES SANDINISTAS
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Comments

Nicaragua's inflation in the late 1980s was severe enough to make reprinting impractical — the government simply overprinted existing low-denomination stock rather than commission new designs. This 10,000 Córdobas on 10 Córdobas note is a direct artifact of that emergency, issued as the Sandinista administration struggled with an economy distorted by the U.S. trade embargo and the costs of the Contra war. Annual inflation peaked above 30,000 percent in 1988.

The overprint series was short-lived. The entire Córdoba was replaced by the Gold Córdoba in 1990 at a rate of 1 new unit to 1,000,000 old ones.

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