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5 000 000 Pesos Bolivianos

Issuer Banco Central de Bolivia
Year 1985
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Value 5 000 000 Pesos Bolivianos (5 000 000 BOP)
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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 $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 $b. 5,000,000.00)
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Reverse lettering $b. 5.000.000 $b. 5.000.000 ESTE CHEQUE TIENE CIRCULACION LEGAL A NIVEL NACIONAL Y SIRVE PARA PAGOS DE TRANSACCIONES PUBLICAS Y PRIVADAS BCB $b. 5.000.000 $b. 5.000.000 $b. 5.000.000
(Translation: $b. 5,000,000 $b. 5,000,000 This check is legal tender at national level and is valid for payment of public and private transactions. B.C.B. (Initials of Central Bank of Bolivia) $b. 5,000,000 $b. 5,000,000 $b. 5,000,000)
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Bolivia's hyperinflation of 1984–85 was among the worst the Western Hemisphere has ever seen, peaking at an annualized rate exceeding 20,000 percent. This note is a direct artifact of that collapse — a five-million-peso denomination that would have been unremarkable at the checkout of an ordinary shop. The government's response came in January 1986 with the introduction of the boliviano, replacing the peso boliviano at one boliviano per one million pesos, which meant this note was worth exactly five of the new units.

Giesecke & Devrient produced over twelve million examples, a print run that reflects the sheer volume of currency the economy was consuming.

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