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50 Bolivianos Holguin, Series A-C
| Issuer | Banco Central de Bolivia |
|---|---|
| Year | 1987-1993 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Second boliviano (1986-date) |
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| Obverse description | Portrait vignette of the colonial Bolivian painter Melchor Pérez de Holguín at right, printed in intaglio on a light guilloche underprint in green and violet tones. The Bolivian national arms appear at lower centre, flanked by the serial number repeated twice. Two facsimile signatures of the Presidente BCB and Ministro de Finanzas appear across the lower centre, with the denomination numeral 50 in large figures at left. |
|---|---|
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| Protection description | Melchor Pérez de Holguín portrait; embedded security thread |
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| Comments |
Bolivia's 1985 monetary reform — which lopped eight zeros off the peso boliviano to create the boliviano — was one of the most dramatic stabilizations of the twentieth century. Hyperinflation had peaked at an annualized rate above 20,000 percent before Jeffrey Sachs-advised shock therapy brought it under control with startling speed. This note belongs to the transitional issue that followed, printed across two countries and across a six-year span as the new currency established itself.
The dual-printer arrangement between Madrid's FNMT and Oberthur in Rennes is unusual for a single series and likely reflects supply capacity rather than policy — high post-reform demand for physically sound currency outpaced what either printer could handle alone.