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5 Centavos de Boliviano overprinted on P# 170
| Issuer | Banco Central de Bolivia |
|---|---|
| Year | 1987 |
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| Printer | Thomas De La Rue & Company, London, United Kingdom |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DE BOLIVIA 50000 CINCUENTA MIL PESOS BOLIVIANOS D.S. 20273 DE 8 DE JUNIO DE 1984 VILLAROEL (Translation: Central Bank of Bolivia 50,000 Fifty thousand Pesos Bolivianos D.S. (Supreme Decree) of June 8th, 1984 Villaroel) |
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| Reverse lettering | BANCO CENTRAL DE BOLIVIA 50000 REFINERIA PETROLERA CINCUENTA MIL PESOS BOLIVIANOS (overprinted, turned 90°) CINCO CENTAVOS DE BOLIVIANO c. 5 (Translation: Central Bank of Bolivia 50,000 Oil Refinery Fifty Thousand Pesos Bolivianos (overprinted, turned 90°) Five Centavos de Boliviano c. 5) |
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| Comments |
Bolivia's hyperinflation crisis of the mid-1980s was severe enough that the government ran out of meaningful denominations before it could print new ones. This note is a stopgap: an existing Boliviano-series note, printed by De La Rue for an earlier monetary regime, pulled back from stock and overprinted to function within the new Bolivar system introduced by Decree 21060 in August 1985 — the emergency stabilization measure that slashed inflation from over 20,000% annually.
The overprint was applied locally in La Paz, not in London. De La Rue supplied the substrate; the conversion was a domestic operation under considerable time pressure.