1 Lev

Bulgaria's post-communist monetary transition was still raw in 1992 — the country had only formally shed the People's Republic designation two years earlier, and the National Bank was navigating severe inflation that would eventually spiral into full economic collapse by 1996–97. This lev, along with the broader 1992 series, was introduced as the socialist-era coinage was withdrawn, though the new pieces would themselves be rendered worthless within a few years when hyperinflation forced a complete currency redenomination in 1999 at a rate of 1,000 old leva to one new lev.