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10 Leva Foreign Exchange Certificate

Issuer Bulgarska Narodna Banka
Year 1986
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Value 10 Leva (10 BGL)
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Obverse description Bank arms (monogram НБ flanked by lions) at upper centre above issuer name in three lines. Large Cyrillic title ПОИМЕНЕН ЧЕК in bold letterpress across centre field, with a fine guilloche underprint in gold-olive tones. Circular guilloche rosettes at left and right, each bearing the BNB monogram and denomination ДЕСЕТ ЛЕВА; series prefix and serial number in red at lower right.
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Reverse description Reverse is uniface, showing only bleed-through impressions from the obverse printing. The plain white surface carries no printed design or text.
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Comments

Bulgaria's Foreign Exchange Certificates — known locally as "certifikati" — were issued by the Bulgarska Narodna Banka as a parallel currency system specifically for tourists and Bulgarians who had access to hard Western currency. Spending them was compulsory in the Corecom chain of hard-currency shops, which stocked imported goods unavailable in the regular state retail network. The system was a straightforward mechanism for the state to capture foreign exchange while maintaining the fiction that the lev itself was a stable currency.

These certificates circulated in a closed loop entirely separate from the domestic money supply. The 1986 series preceded the collapse of the system by only a few years — Corecom and the certificate regime were wound down as Bulgaria entered its chaotic post-1989 transition.

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