2 Córdobas

The National Bank of Nicaragua Incorporated was an unusual institution — a privately chartered American corporation granted the rights of a central bank, established under the 1912 Knox-Castrillo Convention after the United States effectively assumed control of Nicaragua's customs revenues as debt collateral. The bank's charter ran until 1924, and Hamilton Bank Note Company in New York supplied the entire series of notes throughout its operational life.

Hamilton was a smaller competitor to the dominant American Bank Note Company and Bureau of Engraving contracts of the period, and Nicaragua was among its more prominent sovereign clients. P#56 sits in the middle of a wartime issue range, though Nicaragua itself remained outside the First World War's direct disruptions.