20 Bolivianos Dalence, Series D-E

Two printers — De La Rue and Oberthur Fiduciaire — produced this series, which is why minor differences in ink density and thread placement exist between Series D and Series E examples. Bolivia split printing contracts between multiple suppliers throughout the 1990s, partly as a practical hedge against supply disruption and partly to avoid dependence on any single foreign vendor after the hyperinflationary crisis of the mid-1980s had badly damaged institutional confidence.

The 20 Boliviano denomination was reintroduced as part of the 1987 monetary reform that replaced the collapsed Peso Boliviano at a rate of one million to one.