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10 Leva

Issuer Bulgarian National Bank
Year 1922
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Printer American Bank Note Company, New York, United States
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Obverse lettering Десет Лева Българската Народна Банка Плаща Предявителю София 1922
(Translation: Ten Leva The Bulgarian National Bank Pays the Bearer Sofia 1922)
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Reverse lettering Десет Лева Banque Nationale de Bulgarie За подправка виновнитѣ се наказватъ съгласно чл. 183 и 191 отъ наказателния законъ.
(Translation: Ten Leva Banque Nationale de Bulgarie For forgery the guilty are punished according Art. 183 and 191 of the criminal law)
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Comments

Bulgaria's postwar finances were in serious disorder by the early 1920s — the country had backed the losing side in both the Second Balkan War and the First World War, leaving the lev chronically weak and the treasury dependent on foreign credit. Commissioning ABNC in New York for this series was partly a practical decision and partly a deliberate signal of institutional credibility at a moment when the Bulgarian National Bank needed to project stability it didn't fully possess.

The involvement of Gyudjenov and Kozhouharov as designers is notable — both were established Bulgarian artists, not mere decorators hired by the printer. ABNC incorporated their work into the engraved plates rather than substituting its own stock imagery, which was not always the case with foreign commissions of this period.

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