Nicaragua 1 Cordoba Banknote – Banknote Story

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Nicaragua 1 Cordoba Banknote – Banknote Story


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Republic of Nicaragua is the largest country in the Central American, bordered by Honduras to the northwest, the Caribbean to the east, Costa Rica to the south, and the Pacific Ocean to the southwest. Managua is the country’s capital and largest city and is also the third-largest city in Central America,the region was conquered by the Spanish Empire in the 16th century. Nicaragua gained independence from Spain in 1821. Since its independence, Nicaragua has undergone periods of political unrest, dictatorship, occupation and fiscal crisis, including the Nicaraguan Revolution of the 1960s and 1970s and the Contra War of the 1980s. It became an autonomous territory of Nicaragua in 1860 and its northernmost part was transferred to Honduras in 1960
Francisco Hernández de Córdoba 1475 – 1526 is usually reputed as the founder of Nicaragua, and in fact he founded two important Nicaraguan cities, Granada and León. The currency of Nicaragua is named the córdoba in his memory.
The first córdoba was introduced on March 20, 1912. It replaced the peso moneda corriente
It was initially nearly equal to the US dollar. It was named after the Conquistador Francisco Hernández de Córdoba
On February 15, 1988, the 2nd córdoba was introduced. It was equal to 1,000 1st córdobas. On April 30, 1991, the third córdoba was released
In 1912, the National Bank of Nicaragua introduced notes for 10, 25 and 50 centavos, 1, 2, 5, 10, 20, 50 and 100 córdobas, together with old half- and 1-peso moneda corriente notes overprinted for 4 and 8 centavos of the new currency. In 1934, all circulating banknotes were exchanged for notes which had been overprinted with “REVALIDO” (“revalidated”). The last notes for less than 1 córdoba were dated 1938. In 1945, 500-córdoba notes were introduced, followed by 1,000-córdoba notes in 1953.
Obverse : Blue on purple and multicolor underprint.
Sunrise over field of maise at left. Francisco Hernandez Córdoba at right.
Series A
Lettering: Banco Central de Nicaragua Translation: Central Bank of Nicaragua
Reverse
Arms at center.

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