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10 Centavos de Córdoba

Issuer Banco Nacional de Nicaragua
Year 1937
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Reference(s) P#85
Obverse description Black intaglio on green underprint. At left, an oval vignette presents a classical allegorical bust of Liberty in three-quarter view, crowned with a radiant diadem; to the right, a guilloche-framed numeral '10' occupies the upper register above two signature lines designated 'El Presidente de la República' and 'El Ministro de Hacienda'. A central banner reading 'VALE POR DIEZ CENTAVOS DE CÓRDOBA' divides the face, with a red serial number and a third signature line titled 'Gerente General' in the lower register, flanked by repeated denomination numerals along the bottom margin.
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Reverse description Green on white. The central vignette presents the Nicaraguan Coat of Arms — an equilateral triangle enclosing five volcanoes rising from the sea beneath a radiant liberty cap — flanked by two large interlocking guilloche rosettes each bearing the numeral '10'. The bilingual bank title runs across the top, denomination panels appear in a dark banner at the foot of the note, and the printer's imprint is set below.
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Comments

Nicaragua's banking system was consolidated under the Banco Nacional beginning in 1912, when U.S. occupation authorities effectively reorganized the country's finances following the Bryan-Chamorro Treaty negotiations. The Banco Nacional remained under partial American oversight until 1924, and ABNC held the printing contract throughout this period and well beyond — making this 1937 note a continuation of an arrangement rooted more in foreign financial control than domestic monetary policy.

The 10 centavos fractional denomination was a practical necessity in a low-wage rural economy where smaller subdivisions of the córdoba saw heavy daily use and coin shortages were chronic.

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