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20 000 Pesos Bolivianos

Issuer Banco Central de Bolivia
Year 1984
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Value 20 000 Pesos Bolivianos (20 000 BOP)
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Obverse description A vignette of Mercury appears at upper left, above the issuer's name and document type rendered in bold letterpress. The central field carries the face value in full letters, with numerals repeated at middle right and lower left. The note is formatted as a cheque de gerencia, with the authorizing decree number, place, and date of issue inscribed below the heading.
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Reverse description Legal tender and validity legends appear at upper right and lower right, establishing the note's 90-day circulation period. The face value in numerals occupies the center of the field, set against a guilloche underprint that frames the currency symbol. The overall layout is spare, with the legal text serving as the primary decorative and informational element.
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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.

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