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10 Lei State Bank

Issuer Banca de Stat a Republicii Populare Romane
Year 1952
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Reference(s) P#88
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Obverse lettering 10 BANCA REPUBLICII POPULARE ROMANE - BANCA DE STAT - 10 ZECE LEI 1952 10 10 FALSIFICAREA ACESTOR BILETE SE PEDEPSESTE CONFORM LEGILOR
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Variants P#88a - red Block # and serial #
P#88b - blue Block # and serial #
Comments

The 1952 Romanian monetary reform was one of the more punishing currency conversions in postwar Eastern Europe. Exchange rates were applied on a sliding scale based on the size of holdings — those with larger reserves received progressively worse terms — an explicit instrument of wealth redistribution that wiped out middle-class savings accumulated across the war years.

The printing date of 30 April 1945 embedded in the plate predates the issuing authority by several years, a artifact of how the notes were stockpiled and held back well before the formal reform. Pick 88 is the 10 Lei denomination from that 1952 emission.

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