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20 Cordobas

Issuer Banco Central de Nicaragua
Year 1997
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Value 20 Córdobas
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Reverse lettering BANCO CENTRAL DE NICARAGUA REPUBLICA DE NICARAGUA AMERICA CENTRAL VEINTE CORDOBAS DE LA RUE
(Translation: Central Bank of Nicaragua Republic of Nicaragua Central America Twenty Cordobas De la Rue)
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Protection description José Santos Zelaya portrait; embedded security thread
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Comments

Nicaragua's mid-1990s notes were issued under hard-won monetary stability — the córdoba oro had replaced the catastrophically inflated old córdoba in 1991 at a rate of 5,000,000 to 1, and by 1997 the Banco Central was in a position to issue well-produced, conventionally designed circulating notes through De La Rue rather than emergency or transitional issues. This 20 córdoba denomination sits in a series that never saw major revision before polymer substrates began entering the Nicaraguan system in the following decade.

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