100 Córdobas

Nicaragua's 1992 currency series was issued in the immediate aftermath of the hyperinflationary collapse of the Córdoba, which had depreciated so catastrophically through the late 1980s that the government introduced a new Córdoba in 1988 at 1,000:1, then was forced to redenominate again in 1991 at 5,000,000:1. This note belongs to that second reconstituted currency — the Córdoba Oro — issued once the Chamorro government had stabilized the monetary system following the Sandinista period.

Thomas De La Rue's involvement signaled a deliberate break from domestic printing arrangements that had contributed to inflationary overproduction under the prior regime.