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| Issuer | Bulgarian National Bank |
|---|---|
| Year | 2002 |
| Type | Log in to see details |
| Value | 1 Lev |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Obverse lettering | СВ. ИВАН РИЛСКИ БЪЛГАРСКА НАРОДНА БАНКА (Translation: St. Ivan Rilsky Bulgarian National Bank) |
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| Edge | Smooth |
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| Additional information |
Issued as part of Bulgaria's broader commemorative bullion program in the early 2000s, this piece was struck while the country was operating under a currency board arrangement that had pegged the lev to the Deutsche Mark — and then, following eurozone entry by Germany, automatically to the euro at a fixed rate. The currency board had been imposed in 1997 after a catastrophic banking crisis reduced the lev to near-worthlessness and inflation peaked above 1,000 percent annually.
KM#257 sees relatively low collector penetration outside Eastern Europe, keeping secondary market premiums modest against spot.