Bolivia 1 Million Pesos Banknote of 1985
2019-06-03 Mon
Bolivia is a landlocked country located in western-central South America with a varied terrain spanning Andes Mountains, the Atacama Desert and Amazon Basin rainforest. Bolivia is the 5th largest country in South America and the 27th largest in the world.Before Spanish colonization, the Andean region of Bolivia was part of the Inca Empire, while the northern and eastern lowlands were inhabited by independent tribes. The Spanish conquest of the Inca empire began in 1524, and was mostly completed by 1533. The struggle for independence started in the city of Sucre on 25 May 1809 and after a long period of struggle it signed a peace treaty in 1842, putting a final end to the war.
The boliviano is the currency of Bolivia. It is divided into 100 cents or centavos. The first boliviano was introduced in 1864. Bolivia faced hyperinflation in the 1980s. The inflation jumped to triple digits in 1982 and quadruple figures in 1984. During the inflation, the largest Peso note of 1 million was issued!
The note depicted beside is such an example of a 1 million pesos banknote issued in 1985. The obverse depicts Mercury - God of trade, in the left top corner.
Image Courtesy: Numismatica Cameroni
Latest News
-
Gold Pagoda of Vijaynagar Empire King Deva Raya I
2024-04-10 WedKing Deva Raya I of the Vijayanagara Empire was a patron of Kannada literature and architecture. He ...
-
Silver Denarius of Septimus Severus
2024-04-05 FriLucius Septimius Severus served as the Roman emperor from 193 to 211 AD. Severus sat on the throne o...
-
Extremely rare 'Malaharamari' type Gold Gadyana of King Guhalladeva-III Sold for INR 611000
2024-04-03 WedTribhuvanamalla, also known as Guhalladeva III, was the ruler of the Kadamba dynasty. His reign coin...
-
90 Years of RBI
2024-04-02 TueOn 1st April, PM #Modi unveiled a special commemorative coin marking 90 Years since the foundation o...
-
Silver Denarius of Julia Mamaea
2024-04-02 TueJulia Avita Mamaea, a Christian Syrian noblewoman, was the mother of Roman Emperor Alexander Severus...