Nicaragua launches five polymer banknote denominations on Guardian™
12 October 2015
Redesigned 200 Cordobas is the world’s first circulating banknote featuring Guardian LATITUDE™.
Managua, Nicaragua - The President of Central Bank of Nicaragua, Ovidio Reyes, hosted a press conference to launch a newly redesigned banknote series including five Guardian™ polymer denominations.
The President of the Central Bank of Nicaragua, Ovidio Reyes, at the launch.
Following the previously circulating 10, 20 and 200 Cordobas on Guardian™ polymer, the 50 and 100 Cordobas are the newly added Guardian™ denominations.
The banknotes have been redesigned and upgraded with leading-edge security features. The 200 Cordobas is now the world’s first circulating banknote to feature an image in LATITUDE™ - a substrate-integrated diffractive optically variable device (DOVD) using silver nanoparticles that are not restricted to patch or stripe formats - with the shape of a Guardabarranco (Nicaragua’s national bird).
* Images courtesy of the Central Bank of Nicaragua.
During the launch event staged at Central Bank of Nicaragua, Mr Reyes, said “Polymer banknotes last longer than paper banknotes – that has been confirmed by our experience.”
In an earlier interview and commenting on the previously circulating Guardian™ denominations, the Central Bank’s Treasurer Oknan Bello said “In terms of durability in circulation, polymer banknotes have certainly met the expectations. Compared to paper banknotes, polymer has greater wear resistance, especially in the lower denominations.” Click here to read the full interview.
Nicaragua is also one of the many progressive nations that have recycled their unfit polymer banknotes with support of the Guardian™ Global Recycling Program. Click here to read more about this environmental initiative.
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