2 Centavos

Bolivia's centavo denominations of the mid-1980s were a direct consequence of one of the worst hyperinflationary episodes in recorded history. By 1985, annual inflation had exceeded 20,000 percent, rendering the old peso virtually worthless and forcing the government to introduce the boliviano at a conversion rate of one million to one. These tiny stainless steel pieces were struck into an economy that had just been rebuilt from nothing — yet within a few years even the smallest denominations had lost practical utility again.