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50 Centavos de Boliviano overprinted on P# 189
| Issuer | Banco Central de Bolivia |
|---|---|
| Year | 1987 |
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| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BANCO CENTRAL DE BOLIVIA CHEQUE DE GERENCIA DECRETO SUPREMO NO. 20272 DE 5 DE JUNIO DE 1984 PAGUESE AL PORTADOR $B. 500.000 QUINIENTOS MIL PESOS BOLIVIANOS $B. 500.000 (Translation: Central Bank of Bolivia Management Check Supreme Decree # 20272 of June 5th., 1984 Be paid to the bearer $b. 500,000.00 Five Hundred Thousand Pesos Bolivianos $b. 500,000.00) |
| Reverse description | Legal tender terms occupy the upper right, while the face value in numerals appears at center against a guilloche underprint surrounding the currency symbol. A rectangular overprint, rotated 90 degrees and applied to the right side, carries the redenominated value in the new boliviano currency. |
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| Comments |
Bolivia's hyperinflationary crisis of the mid-1980s forced a complete monetary restructuring. The boliviano, introduced in 1987, replaced the peso boliviano at a rate of one million to one — among the more extreme redenominations of the twentieth century. Rather than print entirely new low-denomination notes from scratch, the Banco Central simply overprinted existing peso boliviano stock, converting P#189 into provisional centavo-denominated currency almost overnight.
The overprint series was always understood as a stopgap. Dedicated replacements followed quickly, rendering these provisional notes short-lived in circulation.