100 Bolivianos

Bolivia's 1986 monetary reform replaced the collapsed peso boliviano at a rate of one million to one — one of the more dramatic redenominations in Latin American history, triggered by hyperinflation that had peaked above 20,000 percent annually in 1985. This note belongs to the first boliviano series issued under that reform, printed by the Canadian Bank Note Company in Ottawa, which had secured several South American central bank contracts during the 1980s.

The security thread on this series runs unwindowed, embedded within the paper rather than surfacing — earlier in CBN's practice for the region than the fenestrated threads that would become standard later in the decade.