10 Bolivianos

Bolivia's 1986 monetary reform was a direct response to one of the worst hyperinflationary collapses in recorded history. In 1985, annual inflation reached approximately 11,000 percent under the peso system. The boliviano was introduced at a conversion rate of one million old pesos to one new boliviano — this 10-boliviano note, in real purchasing terms, replaced a 10,000,000-peso denomination.

The Canadian Bank Note Company in Ottawa produced the series. The P#238A designation distinguishes a signature variety within what is otherwise a short-lived issue — Bolivia's stabilization program moved quickly, and the denomination structure evolved within a few years.