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20 000 Pesos Bolivianos
| Issuer | Banco Central de Bolivia |
|---|---|
| Year | 1984 |
| Type | Emergency banknote |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DE BOLIVIA CHEQUE DE GERENCIA DECRETO SUPREMO NO. 20272 DE 5 DE JUNIO DE 1984 LA PAZ, 20 DE JUNIO DE 1984 PAGUESE AL PORTADOR $B. 20.000,00 VEINTE MIL PESOS BOLIVIANOS $B. 20.000,00 (Translation: Central Bank of Bolivia Management Check Supreme Decree # 20272 of June 5th., 1984 La Paz, June 20TH., 1984 Be paid to the bearer $b. 20,000.00 Twenty Thousand Pesos Bolivianos $b. 20,000.00) |
| Reverse description | Log in to see details |
| Reverse lettering | ESTE CHEQUE TIENE CIRCULACION LEGAL A NIVEL NACIONAL Y SIRVE PARA PAGO DE TRANSACCIONES PUBLICAS Y PRIVADAS $b. 20000 TIENE VALIDEZ DE 90 DIAS CALENDARIO COMPUTABLE DESDE LA FECHA DE EMISION (Translation: This check is legal tender at national level and is valid for payment of public transactions and private. $b. 20000 Has validity of 90 consecutive days counted from date of issue) |
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| Comments |
Bolivia's inflation in the early 1980s was among the worst in recorded history — by 1985, annual inflation had exceeded 20,000 percent, and the 20,000 Pesos Bolivianos denomination, extraordinary by any earlier standard, had become practically routine pocket change. The Jeffries Banknote Company in Los Angeles, a relatively minor player in the security printing industry, supplied notes for Bolivia during this period precisely because the volume demands outpaced what more established firms could absorb at speed.
The entire Pesos Bolivianos series was retired in 1987 when the Boliviano was introduced at a conversion rate of one million to one — rendering this note worth exactly two centavos of the replacement currency.