20 000 Pesos Bolivianos

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.