5 Pesos Bolivianos

Oxandaburu y Garvino was a private commercial house operating in Bolivia during a period when the national government had no reliable mechanism for issuing fiduciary currency. This note is among the earliest recorded quasi-banking instruments from Bolivia's private sector, predating the country's first chartered commercial bank by over a decade. The firm issued these notes essentially on its own credit — there was no central redemption guarantee, no reserve requirement, and no regulatory oversight of any kind.

Locally printed Bolivian private issues from the 1860s are exceptionally rare survivors. Paper quality was poor, climate conditions in the Andean interior were harsh, and most circulated until they disintegrated.