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50 000 Cordobas
| Issuer | Banco Central de Nicaragua |
|---|---|
| Year | 1989 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Multicolour vignette of the Casa Hacienda San Jacinto set against a background map of Nicaragua divided into a grid of squares. The denomination numeral and name of the historical site are inscribed in panel lettering, with the bank name and value repeated in the border areas. |
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| Protection type | Log in to see details |
| Protection description | Portrait watermark of General Augusto César Sandino |
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| Comments |
Nicaragua's inflation in the late 1980s was catastrophic — the córdoba lost value so rapidly that the government issued this denomination as a stopgap measure while the new córdoba replacement currency was being prepared. The 50,000 córdoba note arrived essentially as monetary triage, not as a long-term instrument. The Sandinista government's financing of the contra war and chronic balance-of-payments deficits had pushed annual inflation past 30,000 percent by 1988.
The Canadian Bank Note Company contract is notable given the political climate — a U.S.-allied printer working for a government the Reagan administration was actively trying to destabilize. The 1990 currency reform converted these at 1 new córdoba to 1,000,000 old, rendering the entire series obsolete almost immediately after issue.