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| 正面铭文 | BANCO CENTRAL DE BOLIVIA LEY DEL 20 DE NOVIEMBRE DE 1986 VEINTE BOLIVIANOS 20 PANTALEON DALENCE |
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| 背面铭文 | BANCO CENTRAL DE BOLIVIA 20 CASA MONEDA TARIJA VEINTE BOLIVIANOS |
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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.