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50 Pesos Fuertes Banco Boliviano

Issuer Banco Boliviano
Year 1868
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Currency First boliviano (1864-1963)
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Obverse lettering 50
PRIVILEJIADO POR QUINCE AÑOS
EL BANCO BOLIVIANO
Págára al portador
á la vista en La Paz
CINCUENTA PESOS FUERTES
La Paz de 18__
MINISTRO DE HACIENDA.
CONTADOR.
DIRECTOR JERENTE.
Compañia Nacional de Billetes de Banco, Nueva York.
(Translation: Privileged for fifteen years. The Bolivian Bank will pay to the bearer at sight in La Paz, fifty strong pesos. Minister of Finance. Accountant. Managing Director. National Bank Note Company, New York.)
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Reverse lettering 50
EL BANCO BOLIVIANO.
Compañia Nacional de Billetes de Banco, Nueva York.
(Translation: The Bolivian Bank. National Bank Note Company, New York.)
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Comments

The Banco Boliviano was one of Bolivia's earliest private commercial banks, chartered in the 1860s during a period when the country was attempting to build a functioning credit infrastructure around its silver mining revenues. Contracting the National Bank Note Company in New York was the predictable choice for a South American institution at this moment — ABNC's predecessor firm and its rivals had already cornered much of the Latin American banknote market by mid-century.

The denomination "Pesos Fuertes" — hard pesos — was a deliberate signal to a public that had reason to distrust paper, distinguishing these notes from debased or fractional currency. Whether the bank ever achieved meaningful circulation is another question; Bolivian private banking in this decade was fragile, and most of these institutions folded or were absorbed before their notes wore out.

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