Catalog
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| Issuer | Bulgarian National Bank |
|---|---|
| Year | 1998 |
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| Value | Log in to see details |
| Currency | Third lev (1962-1999) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Cyrillic |
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| Reverse description | The reverse features a relief map of Europe occupying the right portion of the field, rendered with fine cross-hatched engraving to suggest topography. To the lower left, a detailed depiction of the Madara Rider relief panel is shown in oval cartouche format, including the horse's head in bold relief and the mounted figure above. Twelve five-pointed stars are arranged around the inner border, evoking the European Union motif. The word EURO is inscribed in prominent raised letters arcing across the upper field. |
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| Additional information |
The Madara Rider is a large rock relief carved into a cliff face in northeastern Bulgaria, dating to around 710 AD and attributed to the early Bulgarian khans. It was designated a UNESCO World Heritage Site in 1979. Bulgaria issued numerous commemorative silver pieces featuring this image across the 1990s, a period when the country was cycling through severe monetary instability — the lev collapsed catastrophically in 1996–97, triggering hyperinflation that briefly pushed the exchange rate past 3,000 leva to the dollar before a currency board was imposed in mid-1997.
The 10,000-leva denomination is a direct artifact of that crisis.