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Nicaragua - 100,000 Cordobas on 100 Cordobas - P-159 - Foreign Paper Money Error

Inv# FME1017   Foreign Paper Money
Country: Nicaragua
Years: ND(1989)

100,000 Cordobas on 100 Cordobas, P-159. Under inked overprint on face. Barely visible. The córdoba is the currency of Nicaragua. It is divided into 100 centavos.

The first córdoba was introduced with the new National Bank of Nicaragua (Banco Nacional de Nicaragua Incorporado) which was created in 1912 , after which the government of Adolfo Díaz promulgated the Monetary Conversion Law, in March 1912. This law created the monetary unit Córdoba, but due to the prevailing political instability at that time, the Córdoba did not circulate until mid-1913.

It replaced the peso moneda corriente at a rate of 12+1?2 pesos m/c = 1 córdoba and the peso fuerte at par. It was initially nearly equal to the US dollar. It was named after the Conquistador Francisco Hernández de Córdoba. Read more at https://en.wikipedia.org/wiki/Nicaraguan_c%C3%B3rdoba

Condition: C.U.
Item ordered may not be exact piece shown. All original and authentic.
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