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| 正面描述 | Intaglio portrait of Francisco Hernández de Córdoba at left, rendered in fine line engraving against a guilloche underprint in muted tones. The denomination '1/2' appears in each lower corner and at upper left, with a multicolour rosette vignette and a small branch motif at right centre. Three facsimile signature panels with printed titles are arranged vertically in the centre field, above the letterpress legend at foot. |
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| 正面铭文 | BANCO CENTRAL DE NICARAGUA CINCUENTA CENTAVOS DE CORDOBA (Translation: Central Bank of Nicaragua Fifty Cents of a Cordoba) |
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Nicaragua's córdoba underwent a second major redenomination in 1991, replacing the córdoba oro at par — itself a stabilization currency introduced just two years earlier to arrest hyperinflation that had peaked above 30,000% annually in 1988. The 50 centavos sits at the fractional end of that rebuilt system, issued by the Canadian Bank Note Company out of Ottawa at a moment when the country was still navigating post-Sandinista economic reconstruction under the newly elected Chamorro government.
CBN had a long-standing relationship with Nicaraguan currency production through this period, handling much of the series consistently.