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1 000 000 Pesos Bolivianos

Issuer Banco Central de Bolivia
Year 1985
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Size 154 × 66 mm
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Reverse description The reverse is printed in blue on a pale yellow-ochre guilloche underprint, with wavy-line borders running across the top and bottom margins. The large numeral denomination '$b. 1.000.000' occupies the centre field in bold outlined lettering, flanked on the right by a decorative rosette vignette; a three-line legal tender statement appears above the denomination.
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Variants P#192Ca - issued note
Comments

Bolivia's hyperinflation of 1984–85 was among the worst in recorded Latin American history, peaking at an annualized rate exceeding 20,000 percent. The million-peso boliviano denomination wasn't an outlier — it was a practical necessity, and even then, barely adequate for routine transactions. The Banco Central ultimately redenominated in late 1985, replacing the peso boliviano at a rate of one million to one with the new boliviano, effectively erasing this note's face value on arrival.

Printed by Argentina's Casa de Moneda in Buenos Aires, the note reflects Bolivia's reliance on foreign minting capacity throughout the crisis — domestic infrastructure couldn't keep pace with demand.

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