50 Córdobas

The Banco Nacional de Nicaragua Incorporated was itself an unusual institution — a hybrid entity chartered in the United States and backed by American banking interests following the 1911 Knox-Castrillo Convention, through which Nicaragua effectively handed monetary control to U.S. creditors in exchange for loan financing. This note is a direct product of that arrangement, not an autonomous act of Nicaraguan banking policy.

Hamilton Bank Note Company handled the engraving and printing, a firm that worked extensively for Latin American clients in the early twentieth century before being absorbed into larger security printing consolidations. The Pick 60 series represents the earliest formal paper currency issued under the national bank's charter.