Bolivia's monetary system was in freefall by 1983. Inflation — already severe — was accelerating toward the hyperinflationary catastrophe that would peak in 1985 at over 20,000% annually, one of the worst episodes of currency collapse in twentieth-century Latin American history. This denomination, substantial by earlier standards, was becoming functionally worthless almost from the moment it was issued.
Thomas De La Rue printed the series in London. Within two years of this note's issue, Bolivia had abandoned the Peso Boliviano entirely, replacing it with the Boliviano at a conversion rate of one million to one.
Bolivia's monetary system was in freefall by 1983. Inflation — already severe — was accelerating toward the hyperinflationary catastrophe that would peak in 1985 at over 20,000% annually, one of the worst episodes of currency collapse in twentieth-century Latin American history. This denomination, substantial by earlier standards, was becoming functionally worthless almost from the moment it was issued.
Thomas De La Rue printed the series in London. Within two years of this note's issue, Bolivia had abandoned the Peso Boliviano entirely, replacing it with the Boliviano at a conversion rate of one million to one.