Catalog
10 000 Leva
| Issuer | Управление Държавните и на Гарантираните от Държавата Дългове (Bulgarian State Debt Administration) |
|---|---|
| Year | 1922 |
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| Value | 10 000 Leva (10 000) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ЦАРСТВО БЪЛГАРИЯ УПРАВЛЕНИЕ ДЪРЖАВНИТЕ И НА ГАРАНТИРАНИТЕ ОТ ДЪРЖАВАТА ДЪЛГОВЕ ДЪРЖАВЕН СЪКРОВИЩЕН БОН Капиталъ 10000 Лева ДЕСЕТ ХИЛЯДИ ЛЕВА КОНТРОЛЪ |
| Reverse description | The reverse is divided into two columns of Cyrillic letterpress text headed ИЗДАДЕНТ ВЪЗ ОСНОВА, citing specific articles of Bulgarian state debt and extraordinary credit legislation enacted between 1912 and 1917. Below the legislative citations, a structured accrued-value interest table headed Стойност на държавния съкровищен бон при 5% лихва за изтекло време presents month-by-month and year-by-year redemption values printed across a fine grid, with a reference to НАКАЗАТЕЛНИЯ ЗАКОН at the foot. |
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| Comments |
Bulgaria's post-WWI reparations burden under the Treaty of Neuilly (1919) was crushing — the country owed 2.25 billion gold francs, lost significant territory, and faced severe restrictions on its military. The Bulgarian State Debt Administration issuing currency rather than the National Bank reflects the fiscal disarray of that period, with government debt management bodies drawn into money creation as the state struggled to finance obligations it had no realistic means of meeting.
The 10,000 Leva denomination itself signals acute inflation pressure by 1922. Notes of this series are known to show foxing and paper fragility due to wartime paper stock quality — condition issues that are intrinsic to the type rather than the result of rough handling.