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50 Bolivianos

Issuer Banco de la Nación Boliviana
Year 1911
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Printer American Bank Note Company, New York, United States
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Obverse lettering EL BANCO DE LA LA PAZ, 11 de Mayo de 1911 NACION BOLIVIANA PAGARÁ AL PORTADOR Á LA VISTA CIECUENTA BOLIVIANOS EN MONEDA CORRIENTE
(Translation: The Bank of La Paz, May 11th, 1911 Bolivian Nation Will pay the bearer at sight Fifty Bolivianos in current money)
Reverse description The Bolivian national arms appear as the central vignette, dividing the issuer's name into two registers placed above and below the arms. The face value in numerals is repeated at all four corners and flanking the central design on both sides, set within guilloche-patterned borders.
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Banco de la Nación Boliviana was established in 1911 as a state-controlled institution intended to consolidate Bolivia's fragmented private banking sector, which had operated under a loose plural note-issuing system since the 1870s. The four known signature combinations on P#110 reflect successive changes in the bank's senior management during its early years — the Carpentier signatures appearing across three variants suggest a stable term in at least one senior post amid broader turnover.

ABNC production for Bolivian state banks of this period typically involved steel-engraved plates shipped to La Paz for local overprinting of serial numbers and signatures, though on this series those fields were completed by hand or typewriter at the bank.

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