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| Issuer | Bulgarska Narodna Banka (Bulgarian National Bank) |
|---|---|
| Year | 1917 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | Царство България УПРАВЛЕНИЕ НА ДЪРЖАВНИТЕ И НА ГАРАНТИРАНИТЕ ОТ ДЪРЖАВАТА ДЪЛГОВЕ ДЪРЖАВЕНЪ СЪКРОВИЩЕНЪ БОНЪ Капиталъ: 10,000 лева златни Лихва 41/2% 6 месеци: 225 лева Всичко: 10,225 лева златни № 01886 София, 8 септември 1917 г. Министър на финансите Директор на държавните дългове |
| Reverse description | The reverse carries dense Cyrillic typeset text under the heading ИЗДАДЕНЪ ВЪЗ ОСНОВА: (Issued on the basis of:), citing two legal foundations and a numbered table of official decrees (Укази) with corresponding dates, gazette references, and issue numbers ranging from 1912 to 1917. A concluding paragraph sets out the conditions under which this treasury bond is accepted in lieu of cash at the Bulgarian National Bank and other state institutions, specifying an annual interest rate of 5½% until the maturity date of 8 March 1918. A final clause warns of penalties under Articles 183 and 191 of the penal code for misuse of the instrument. |
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| Comments |
Bulgaria entered the First World War on the side of the Central Powers in October 1915, and the financial strain of sustained mobilization hit hard within two years. This high-denomination note — 10,000 leva zlatni, meaning gold leva — was issued not against any actual gold reserve but as a wartime expedient, with the "zlatni" designation functioning as a nominal peg to pre-war convertibility that no longer existed in practice.
The P#26B designation distinguishes a signature variety within the 1917 series. Wartime paper quality was inconsistent, and surviving examples frequently show brittleness along fold lines.