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20 Bolivianos

Issuer Banco de la Nación Boliviana
Year 1911
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Value 20 Bolivianos
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Obverse lettering EL BANCO DE LA NACION BOLIVIANA
LA PAZ
11 de Mayo de 1911
PAGARA AL PORTADOR A LA VISTA
VEINTE BOLIVIANOS
Série A
Nº 22580
CONTADOR
SECRETARIO DEL GOBIERNO
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Protection description Watermarked cotton paper, specific watermark pattern consistent with American Bank Note Company security paper of the period.
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Comments

The Banco de la Nación Boliviana was established by law in 1911, replacing a chaotic landscape of private commercial banks that had each issued their own currency — a system that had produced rampant over-issuance and contributed to serious monetary instability in the preceding decades. This note belongs to the bank's inaugural series, making it an early product of Bolivia's attempt to centralize note-issuing authority under a single state institution.

ABNC's engraved work for Bolivian state clients during this period was consistently high quality, and the watermarked cotton stock was a deliberate step up from the paper standards many of the replaced private banks had used.