The Banco de la Nación Boliviana was established in 1911 as a state-backed institution intended to consolidate Bolivia's fragmented private banking sector, and this note is among the earliest issues under its authority. ABNC's involvement was typical for South American government banks of the period — New York engraving carried institutional credibility that domestic printing could not yet supply.
The P#109B designation indicates a signature variety within the 1911 series, suggesting multiple signatories were in use across a relatively short window of issue before the bank's eventual reorganization into the Banco Central de Bolivia in 1928.
The Banco de la Nación Boliviana was established in 1911 as a state-backed institution intended to consolidate Bolivia's fragmented private banking sector, and this note is among the earliest issues under its authority. ABNC's involvement was typical for South American government banks of the period — New York engraving carried institutional credibility that domestic printing could not yet supply.
The P#109B designation indicates a signature variety within the 1911 series, suggesting multiple signatories were in use across a relatively short window of issue before the bank's eventual reorganization into the Banco Central de Bolivia in 1928.