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1 Boliviano Banco Industrial de La Paz
| Issuer | Banco Industrial de La Paz |
|---|---|
| Year | 1900-1905 |
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| Currency | First boliviano (1864-1963) |
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| Obverse description | Black intaglio print on yellow underprint; vignette at left of two indigenous women with children, with reclining allegorical female figures at centre and right. Denomination numeral "1" appears at upper left and right corners within ornamental guilloche borders. |
|---|---|
| Obverse lettering | Log in to see details |
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| Reverse lettering | 1 BANCO INDUSTRIAL DE LA PAZ, BOLIVIA LOS DISCORDES EN CONCORDIA EN PAZ Y AMOR SE JUNTARON Y PUEBLO DE PAZ FUNDARON PARA PERPETUA MEMORIA AMERICAN BANK NOTE COMPANY, NEW YORK (Translation: Industrial Bank of La Paz, Bolivia. The discordant in concord, in peace and love joined together, and founded a town of peace for perpetual memory.) |
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| Comments |
Banco Industrial de La Paz was one of several Bolivian departmental banks operating under the 1890 banking law that permitted provincial institutions to issue their own currency — a decentralized arrangement that collapsed when the Banco de la Nación Boliviana was established in 1911 and assumed sole right of issue. Notes from La Paz-based private banks of this period were often under-redeemed at face value, particularly in the outlying altiplano markets where distrust of paper ran deep and silver coinage remained the preferred medium well into the twentieth century.
The American Bank Note Company held contracts across much of Latin America during this window, producing plates for competing Bolivian banks simultaneously.