10 Bolívares

By 1988, Venezuela was deep into the fiscal stress that preceded the Caracazo — the February 1989 social explosion triggered by IMF-mandated austerity and fuel price hikes. Notes from this period circulated hard and fast as purchasing power eroded. The 10 Bolívar denomination, once meaningful, was losing ground to inflation that would within a few years make it essentially worthless in everyday transactions.

ABNC had printed Venezuelan issues for decades by this point, a relationship going back well before the BCV's mid-century note reforms. The watermark is the sole security concession on this paper — no thread, no UV features.