100 Bolivianos overprinted on P# 111

Bolivia's 1929 monetary reform replaced the Boliviano with the new Boliviano at par, then almost immediately ran into the problem every reforming central bank faces: insufficient stocks of newly printed currency. The stopgap was to overprint existing ABNC-printed 100 Bolivianos plates — or in some cases the physical notes themselves — with revised text authorizing them under the new Banco Central framework established by the Kemmerer Mission's 1928 recommendations.

The Kemmerer connection matters here. Edwin Kemmerer, the Princeton economist who restructured monetary systems across South America in the 1920s, effectively designed the institutional architecture that made this note necessary. Bolivia was one of his last commissions.