100 Bolivianos

Bolivia's Banco Central was only formally established in 1928, and this note — printed by ABNC before the bank had even opened its doors — was part of the inaugural issue that replaced the earlier Banco de la Nación Boliviana currency. The sheer number of signature combinations across series A through W reflects not a single issuance moment but a note type kept in continuous production through most of the 1930s, bridging the Great Depression and the catastrophic costs of the Chaco War against Paraguay.

The "small" signature variant in series W is a known anomaly — the signature block was reduced in size, possibly due to a plate modification late in the print run. Morris appears as the third signatory across multiple administrations, suggesting the position rotated politically while certain technical officials remained in post.