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20 Bolivianos - 2 Bolivares 1928

Issuer Banco Central de Bolivia
Year 1928
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Value 20 Bolivianos
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Obverse lettering BANCO CENTRAL DE BOLIVIA PAGARÁ AL PORTADOR A LA VISTA VEINTE BOLIVIANOS EN ORO O GIROS-ORO LA PAZ, Ley de 20 de Julio de 1928
(Translation: Central Bank of Bolivia will pay to the bearer at sight Twenty Bolivianos in gold or gold-bonds)
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Reverse lettering BANCO CENTRAL DE BOLIVIA VEINTE BOLIVIANOS DOS BOLÍVARES
(Translation: Central Bank of Bolivia Twenty Bolivianos Two Bolívares)
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Comments

Bolivia's 1928 monetary reform replaced the boliviano with the bolivar at a rate of 1,000 to 1, and this transitional note — denominated in both units simultaneously — was a direct instrument of that conversion. The dual-denomination format was a practical necessity during the changeover period, allowing the note to function under either system without confusion.

Waterlow & Sons handled much of Bolivia's printing throughout the 1920s, and the Pick 131 series is among the cleaner examples of that relationship — workmanlike production, no significant plate wear issues known to affect this type.

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