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1 000 000 Pesos Bolivianos
| Issuer | Banco Central de Bolivia |
|---|---|
| Year | 1984 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#182 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | $b. 1.000.000.- (Translation: $b. (BOP) 1,000,000.00) |
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| Variants | P#182a - issued note P#182b - overprint "ANULADO" P#182c - paid; punch hole cancelled |
| Comments |
Bolivia's 1984 hyperinflation was among the worst in Latin American history — by mid-1985, annual inflation had exceeded 20,000%. This note was a practical necessity, not a policy choice, issued as the purchasing power of lower denominations collapsed faster than new ones could replace them. The one-million peso boliviano denomination, unthinkable a decade earlier, was routine by the time it circulated.
ABNC printed the series in New York, a long-standing arrangement Bolivia maintained even as its domestic economy disintegrated. Within two years of issue, Bolivia replaced the entire peso boliviano currency with the boliviano at a conversion rate of one million to one — effectively confirming this denomination as the floor of a failed system.