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20 Cordobas

Issuer Banco Central de Nicaragua
Year 2006
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Value 20 Córdobas
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Reverse lettering 20 Banco Central de Nicaragua 20 Republica de Nicaragua America Central 20 Veinte Cordobas 20
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Protection type Watermark
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Comments

The Canadian Bank Note Company has handled Nicaraguan printing contracts across multiple political administrations — a continuity that survived the Sandinista revolution, the Contra war years, and the subsequent return to market-aligned governance. This note was issued well into the post-conflict stabilization period, after the córdoba had already been redenominated twice in the preceding two decades to manage hyperinflation that at its peak in 1988 exceeded 30,000 percent annually.

A watermark-only security specification at this date is notably minimal — by 2006 most regional central banks had moved toward multi-feature substrates.

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