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50 Bolivianos

Issuer Banco Central de Bolivia
Year 1986
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Size 150 x 70 mm
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Reverse description The reverse, rendered in purple and teal tones over a fine guilloche underprint, presents a central intaglio vignette of the Torre de la Compañía (the Jesuit church tower) in Potosí, with the legend TORRE DE LA COMPAÑÍA inscribed below the architectural motif. The bank title BANCO CENTRAL DE BOLIVIA runs across the top in letterpress, and the denomination CINCUENTA BOLIVIANOS appears along the lower margin; numerals 50 are repeated in ornate panels at left and right.
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Protection description the portrait of Melchor Pérez de Holguín visible in the unprinted area when held to light.
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Comments

Bolivia's 1986 redenomination replaced the peso boliviano at a rate of one million to one — a direct consequence of hyperinflation that had peaked at over 20,000% annually in 1985, one of the most severe episodes recorded anywhere in the twentieth century. The new boliviano series, of which this is part, was essentially an emergency reissue stabilization package tied to the government's New Economic Policy under Paz Estenssoro.

The Canadian Bank Note Company contract for this series was unusual given Bolivia's traditional reliance on European printers. Watermark-only security was thin for a post-hyperinflationary reissue, though the economic stabilization program itself was the real counterfeiting deterrent — confidence, briefly, had returned.

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