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| 正面描述 | Black intaglio on multicolor guilloche underprint. An intaglio portrait vignette of President Gualberto Villarroel is set within an oval frame at right, with the Bolivian coat of arms at left. The central field carries a dense polychrome guilloche rosette with the large numeral '100' superimposed, beneath the issuer legend 'EL BANCO CENTRAL DE BOLIVIA' across the top and the denomination 'CIEN BOLIVIANOS' below centre, with the place and law date 'LA PAZ, LEY DE 20 DE DICIEMBRE DE 1945' at lower left. Three signature lines for Contador, Superintendente de Bancos, and Gerente General appear at the bottom, above the printer's imprint. |
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| 背面描述 | Printed in dark purple-brown intaglio on plain paper. The central vignette presents a detailed engraved panoramic view of the Valle Hermoso petroleum refinery, with tall industrial stacks, distillation columns, and ancillary structures set against a background of rolling hills. Ornate guilloche panels flank the central scene at left and right, each carrying the denomination numerals '100 BOLIVIANOS'. The issuer name 'BANCO CENTRAL DE BOLIVIA' is lettered across the top panel, and the denomination inscription 'CIEN BOLIVIANOS / DIEZ BOLIVARES' appears in a bold cartouche at the bottom, with the printer's imprint below. |
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Bolivia's 1945 currency legislation followed a period of acute fiscal strain accelerated by wartime commodity pressures — the country had leveraged its tin exports heavily, and the monetary system needed structural reinforcement. This second issue under the same law suggests the first printing run was exhausted faster than anticipated, an indicator of genuine circulation demand rather than reserve accumulation.
Thomas De La Rue's involvement guarantees a consistent intaglio standard, though the Bolivian series of this period is not especially sought after for printing curiosities. The more relevant detail: P#147 notes in circulated grades frequently show horizontal fold fatigue along the lower third, a known weakness in this particular format that collectors should examine closely before purchase.