Issued in 1948, this Bolivian 0.20 boliviano stamp commemorates the V Campeonato Sudamericano de Atletismo (5th South American Athletics Championship) held in La Paz. The design, printed by the Security Banknote Company, features two boxers mid-fight, symbolizing athletic prowess and international sportsmanship. To the left is an emblematic torch framed by laurels, representing the spirit of competition. A fine example of postwar Bolivian sports-themed philately, it highlights the country’s role in regional athletic events.