5 Bolivianos

Banco Industrial de La Paz was a short-lived private commercial bank operating under Bolivia's free banking period, before the state moved to consolidate note-issuing authority in the early twentieth century. The American Bank Note Company engraved and printed for dozens of Latin American private banks during this period, and the quality of their work often far outlasted the institutions that commissioned it.

The S-prefix in the Pick reference places this firmly in the Specialized catalogue — a private bank issue, not a national obligation. Few Bolivian private bank notes survived in any quantity; most were redeemed and pulped when centralization came.