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Bolivia Bicentennial Commemorative note, without face value

Issuer Banco Central de Bolivia
Year 2025
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Value No face value
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Obverse description The obverse presents a multicolored guilloche underprint in the national colors of Bolivia, incorporating portrait vignettes of eight heroes and heroines of Bolivian independence arranged across the note, including Simón Bolívar, Antonio José de Sucre, Juana Azurduy de Padilla, Bartolina Sisa, Tupak Katari, Alejo Calatayud, José Manuel Baca (Cañoto), and Eustaquio Méndez (El Moto Méndez). The national coat of arms and both the Bolivian tricolor flag and the Wiphala flag appear alongside a hummingbird vignette and the Bicentennial of Bolivia logo. The commemorative inscription '1825 – 2025' is integrated into the design, with the issuing authority legends above.
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Reverse lettering BICENTENARIO DE BOLIVIA ESTADO PLURINACIONAL DE BOLIVIA 200 BICENTENARIO DE BOLIVIA DOSCIENTOS AÑOS
(Translation: Bicentennial of Bolivia. Plurinational State of Bolivia Two hundred years)
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Comments

Issued to mark Bolivia's 200th anniversary of independence, this note is one of a small but growing number of commemorative polymer issues that deliberately omit a face value — rendering them legally non-negotiable while sidestepping the question of where they fit in the denomination ladder. The Banco Central de Bolivia had previously experimented with polymer substrate on circulating issues, but a zero-denomination commemorative is a different exercise entirely: it is issued to be kept, not spent.

The watermark security feature on a polymer substrate is worth noting — true watermarks require paper fiber, so what appears here is almost certainly a window or shadow watermark effect achieved through the substrate's transparent panel, a technique that mimics the visual cue without the physical mechanism.

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