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5 Centavos overprinted on 100 000 Pesos Bolivianos

Issuer Banco Central de Bolivia
Year 1987
Type Local banknote
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Obverse lettering BANCO CENTRAL DE BOLIVIA
SERIE A
CHEQUE DE GERENCIA
DECRETO SUPREMO NO. 20272 DE 5 DE JUNIO DE 1984
La Paz, 21 de Diciembre de 1984
PAGUESE AL PORTADOR
CIEN MIL PESOS BOLIVIANOS
Sb. 100.000
GERENTE GENERAL
PRESIDENTE
CINCO CENTAVOS DE BOLIVIANO
Reverse description The reverse is printed in light blue-green, with a large guilloche rosette at left enclosing the value numeral Sb 100.000 in white relief. Two blocks of Spanish text at right affirm the note's legal tender status for public and private transactions at the national level and specify a validity period of 90 calendar days from the date of issue.
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Comments

Bolivia's inflation in the mid-1980s was among the worst ever recorded — at its peak in 1985, the annual rate exceeded 20,000 percent. The 100,000 Pesos Bolivianos note had become essentially worthless within months of issue. Rather than print an entirely new series, the Banco Central simply overstamped existing stock with the redenominated value in the newly introduced Boliviano, itself pegged at one million old Pesos. The overprint was a stopgap, not a planned issue.

Casa da Moeda do Brasil handled both the original printing and the overprint work — an unusual continuity that kept production offshore during a period when Bolivia's own institutional capacity was severely strained.

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