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50 Bolivianos

Issuer Banco Central de Bolivia
Year 1928
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Currency First boliviano (1864-1963)
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Obverse lettering EL BANCO CENTRAL DE BOLIVIA LA PAZ, Ley de 20 de Julio de 1928 PAGARÁ AL PORTADOR A LA VISTA CINCUENTA BOLIVIANOS EN ORO O GIROS-ORO SIMÓN BOLÍVAR
(Translation: The Central Bank of Bolivia Will pay the bearer at sight Fifty Bolivianos in gold or gold bonds Simon Bolivar)
Reverse description The Bolivian national arms rendered as a central circular vignette, surrounded by intricate guilloche rosettes in terracotta-red. Numeral '50' appears in large format at both left and right, with the issuer name in bold lettering across the top and the dual denomination inscription at the foot. The printer's imprint appears in small text at the lower margin.
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Comments

Bolivia's 1928 Organic Charter established the Banco Central de Bolivia as the country's sole bank of issue, replacing a fragmented system of private commercial banks that had each issued their own notes. This 50 Bolivianos belongs to the first series issued under that new central authority — a deliberate break from the inflationary chaos of the preceding decades.

Waterlow & Sons printed the series from their London works. The firm was deep into the infamous Artur Virgílio Alves Reis affair at roughly the same moment, having been duped into printing fraudulent Portuguese escudo notes in 1925 — a scandal that permanently damaged their reputation and eventually contributed to the firm's decline.

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