On December 31, 1908, the currency was put on a new gold standard, with 12+1⁄2 bolivianos = 1 pound sterling (or 1s.

In 1963, it was replaced by the peso boliviano (ISO 4217: BOP) at a rate of one thousand to one.

Because these were similar in size to the silver 10 and 20 centavo coins, some were officially punched with a centre hole.

In 1911, the Banco de la Nación Boliviana began issuing notes.

The first issue, in denominations of 1, 5, 10, 20, 50 and 100 bolivianos, was overprinted on notes of the Banco de Bolivia y Londres.

Post-inflation economic period annual percentage rate capital appreciation and growth made all the inflation period bolivianos cash banknotes at par value current and legally circulating with the new.