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20 Bolivianos

Issuer Banco Central de Bolivia
Year 2015
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Value 20 Bolivianos
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Reverse lettering BANCO CENTRAL DE BOLIVIA
20
CASA MONEDA TARIJA
VEINTE BOLIVIANOS
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Protection description a portrait visible in the left clear margin area; embedded security thread running vertically through the note.
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Bolivia's 1986 monetary reform replaced the devastated peso boliviano with the new boliviano at a rate of one million to one — the peso had been destroyed by hyperinflation that reached an annualized rate of over 20,000 percent in 1985, one of the worst episodes in Latin American monetary history. The new series, printed by the Canadian Bank Note Company, was part of an emergency stabilization package implemented under President Víctor Paz Estenssoro.

CBNC's involvement here is worth noting — the Ottawa firm had a long relationship with Andean issuers, and their work on this series is technically clean if unflashy.