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10 000 Pesos Bolivianos

Issuer Banco Central de Bolivia
Year 1984
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Shape Rectangular
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Obverse description A vignette of Mercury appears at upper left, with the issuer's full title across the top of the note. Below, the document is identified as a Cheque de Gerencia, citing the authorizing Supreme Decree and the issuance date of La Paz, 20 June 1984. The face value is expressed in both numerals and spelled-out text, appearing at centre and at the lower left and middle right respectively.
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Variants P#183a - issued note; with 90 days clause at lower right on back
Comments

Bolivia's inflation crisis of the mid-1980s was among the worst in recorded history — annual inflation peaked at roughly 24,000 percent in 1985. This note, issued in 1984, arrived just ahead of that collapse, when the government was still issuing ever-larger denominations rather than confronting the monetary crisis directly. Within two years, the Peso Boliviano itself was abolished and replaced by the Boliviano at a conversion rate of one million to one.

Jeffries Banknote Company of Los Angeles handled the printing — an unusual choice, given that Bolivia had previously relied on European security printers. Jeffries was a smaller operation than the traditional heavyweights, and their Bolivian commissions from this period represent some of the more significant contracts in the company's output.

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