1 Boliviano

Banco Industrial was a short-lived Bolivian commercial bank operating during the early republican banking period, before the 1911 legislation that effectively consolidated note-issuing authority and pushed most private banks out of the currency business. This note predates that consolidation by five years, placing it squarely in an era when multiple competing Bolivian banks held independent issuing rights — a system that created considerable public confusion over note values and acceptability across different regions of the country.

The American Bank Note Company contract work for minor South American issuers from this period often recycled plate elements across clients, worth checking against other ABNC-produced Bolivian issues of the same decade.