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10 Centavos de Boliviano overprinted on P# 188
| Issuer | Banco Central de Bolivia |
|---|---|
| Year | 1987 |
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| Composition | Log in to see details |
| Size | 157 × 66 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
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| Reverse lettering | ESTE CHEQUE TIENE CIRCULACION LEGAL A NIVEL NACIONAL Y SIRVE PARA PAGO DE TRANSACCIONES PUBLICAS Y PRIVADAS $b. 100 000 TIENE VALIDEZ DE 90 DIAS CALENDARIO COMPUTABLE DESDE LA FECHA DE EMISION (Translation: This check is legal tender at national level and is valid for payment of public and private transactions. $b. 100 000 Has validity of 90 consecutive days counted from date of issue) |
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| Variants | P#197 - overprint "DIEZ CENTAVOS DE BOLIVIANO - c. 10" at right on back P#197x(1) - error: overprints "DIEZ CENTAVOS DE BOLIVIANO - c. 10" at left and right on back P#197x(2) - error: overprint "CINCO CENTAVOS DE BOLIVIANO - c. 5" on front (incorrect; not matching currency reform 1:1.000.000) P#197x(3) - error: overprint "CINCO CENTAVOS DE BOLIVIANO - c. 5" on back (incorrect; not matching currency reform 1:1.000.000) P#197x(4) - error: non-matching revalidation overprints on back; overprint "UN CENTAVO DE BOLIVIANO - c. 1" at left on back; overprint "DIEZ CENTAVOS DE BOLIVIANO - c. 10" at right on back |
| Comments |
Bolivia's hyperinflationary crisis of the mid-1980s was among the worst in recorded history — peak annual inflation reached approximately 24,000 percent in 1985. The overprint program that produced this note was a direct consequence: rather than print new low-denomination paper, the Banco Central applied centavo values onto existing boliviano stock after the 1987 monetary reform introduced the boliviano fuerte at a conversion rate of one million to one. The old currency became, quite literally, a substrate for the new one.
Overprint issues of this type were transitional instruments, rarely held long enough to accumulate serious wear before being replaced by purpose-printed notes.