World Stamps

Nicaragua suffers stamp shortage

April 09, 2014 06:55 AM

Jean Michel Maes of the Nicaragua Study Group reports that postage stamp activity in Nicaragua has been particularly quiet, and that the country has been running out of current stamps.

“For some reason,” Maes notes, “the money obtained by the selling of stamps is not being used to print new stamps.”

Maes said that near the end of 2013, the country issued a souvenir sheet for the 25th anniversary of Spanish cooperation. In March of this year, he added, a set of two stamps was issued commemorating Hugo Chavez, the Venezuelan president who died in 2013.

According to Maes, post offices scrambling to supply postage are now selling stamps that were issued between 1979 and 1989, which are denominated in the country’s old currency.

Rampant inflation in Nicaragua brought about in the introduction of new versions of the cordoba currency in 1988 and again in 1990. Each time, the currency reform dropped off zeroes from the previous issue.

Maes states that he has seen use of the Rowland Hill souvenir sheet overprinted for the 1980 Olympics in Moscow, which is not listed in the Scott Standard Postage Stamp Catalogue, and stamps from the 1986 Flowers issue.

Further details will be published in an upcoming issue of Nicarao, the quarterly journal of the Nicaragua Study Group.
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