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5 000 000 Pesos Bolivianos
| Issuer | Banco Central de Bolivia |
|---|---|
| Year | 1985 |
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| In circulation to | 31 December 1987 |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DE BOLIVIA DECRETO SUPREMO NO. 20732 DE 8 DE MARZO DE 1985 CHEQUE DE GERENCIA PAGUESE AL PORTADOR CINCO MILLONES DE PESOS BOLIVIANOS $b 5.000.000 (Translation: Central Bank of Bolivia Supreme Decree # 20732 of March 8th., 1985 Management Check Be paid to the bearer Five Million Pesos Bolivianos $b. 5,000,000.00) |
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| Variants | P#193a - issued note |
| Comments |
Bolivia's hyperinflation of 1984–1985 was among the worst in recorded history, with annual inflation peaking at roughly 23,000 percent. Notes like this one were a direct consequence — the 5,000,000 peso boliviano denomination was not a product of monetary ambition but of arithmetic desperation. The boliviano was introduced in September 1985 at a conversion rate of one million pesos bolivianos to one new boliviano, instantly rendering the entire peso series obsolete.
Printing was handled by Argentina's Casa de Moneda in Buenos Aires, a common regional arrangement when a central bank's domestic facilities couldn't keep pace with demand — which Bolivia's emphatically could not.