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4 Centavos de Córdoba on P#43b
| Issuer | Tesoro Nacional de Nicaragua (National Treasury of Nicaragua) |
|---|---|
| Year | 1912 |
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| Value | 4 Centavos (0.04) |
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| Obverse description | Black and green on multicolour underprint. Portrait of Christopher Columbus at right, flanked by three manuscript signatures below. A vertical red overprint reading 'ESTE BILLETE VALE CUATRO CENTAVOS DE CÓRDOBA' is applied across the face of the underlying P#43b 50 Centavos note, together with red order numbers. The base note carries fine guilloche work in the underprint. |
|---|---|
| Obverse lettering | REPÚBLICA DE NICARAGUA SERIE A 50 VALE POR CINCUENTA CENTAVOS QUE EL TESORO NACIONAL RECIBIRÁ EN CALIDAD DE MONEDA DE CURSO LEGAL. 1º DE ENERO 1910. `ESTE BILLETE VALE CUATRO CENTAVOS DE CÓRDOBA` American Bank Note Co., N.Y. (Translation: Republic of Nicaragua Series A 50 Worth for Fifty cents Which The National Treasury will receive as legal currency. January 1st., 1910. `This banknote is worth Four Cents of Cordoba` American Bank Note Co., N.Y.) |
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| Comments |
This note belongs to the period when Nicaragua's monetary system was in open crisis. The córdoba replaced the peso in 1912 — the same year this note was issued — as part of a broader financial reorganization carried out under heavy U.S. influence, with American advisors effectively directing Nicaraguan fiscal policy following the Knox-Castrillo Convention of 1911.
The overprint on P#43b is the origin of the fractional denomination: an existing plate was pressed into service rather than commissioning a new design, a cost-saving measure that also reflects the urgency of getting small-denomination notes into circulation quickly during the currency transition. ABNC's involvement ensured technical quality the local treasury couldn't have produced domestically.