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1 Centavo de Boliviano overprinted on P# 169
| Issuer | Banco Central de Bolivia |
|---|---|
| Year | 1987 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Second boliviano (1986-date) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 10000 BANCO CENTRAL DE BOLIVIA DECRETO SUPREMO 20029 DE 10 DE FEBRERO DE 1984 10000 DIEZ MIL PESOS BOLIVIANOS 10000 (Translation: 10,000 Central Bank of Bolivia Supreme Decree # 20029 from February 10th., 1984 10,000 Ten thousand Pesos Bolivianos 10,000) |
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| Variants | P#195 - overprint "UN CENTAVO DE BOLIVIANO - c. 1" at right on back P#195x(1) - error: overprint "UN CENTAVO DE BOLIVIANO - c. 1" at left and right on back P#195x(2) - error: overprint "UN CENTAVO DE BOLIVIANO - c. 1" at right on back; overprint "CINCO CENTAVOS DE BOLIVIANO - c. 5" at left on back |
| Comments |
Bolivia's 1987 centavo notes were born from catastrophe. The country had just lived through one of the worst hyperinflationary episodes in Latin American history — by 1985, annual inflation had exceeded 20,000%. The peso boliviano was abolished and replaced by the new boliviano at a conversion rate of one million to one, which meant that existing peso stock had to be hastily overprinted and redenominated rather than replaced outright. This note is a direct artifact of that fiscal emergency: old Bundesdruckerei-printed peso sheets pressed back into service with a new identity stamped over the old denomination.
The centavo itself was a subdivision almost never seen in daily use — by the time these circulated, even the smallest transactions had moved well past single-centavo values.