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50 Pesos Fuertes

Issuer Banco Boliviano
Year 1868
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Reference(s) P#S115
Obverse description Orange and black intaglio note with a central vignette of Justice seated with scales and sword, flanked by an oval vignette of tropical flora at left and a female portrait vignette at right. Denomination numeral 50 appears in dark medallions at each corner, with guilloche underprint throughout. Inscriptions read EL BANCO BOLIVIANO and CINCUENTA PESOS FUERTES, with signature lines for Ministro de Hacienda, Contador, and Director Gerente at lower edge.
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Reverse description Uniformly printed in orange-red with an elaborate guilloche border and a central diamond-shaped guilloche panel bearing the bank name. Denomination numeral 50 appears in ornate cartouches at left and right. The printer's imprint appears at the lower margin.
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Comments

The Banco Boliviano was one of several private commercial banks chartered in Bolivia during a brief window of financial liberalization in the 1860s, when the government — flush from silver revenues — permitted private note issuance rather than establishing a state bank. These institutions were fragile by design: undercapitalized, operating in a country where metallic coin still dominated daily exchange, and dependent on public confidence that rarely fully materialized.

The Compañía Nacional de Billetes de Banco printed for numerous Latin American clients during this period from its New York operation. Whether this denomination ever circulated widely is doubtful — high-value private notes in 1860s Bolivia faced immediate suspicion, and the bank itself did not survive long into the following decade.

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