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10 Leva Zlato

Issuer Bulgarian National Bank
Year 1890
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Size 140 × 90 mm
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Obverse description At left, an intaglio vignette of a woman picking roses, derived from the engraving 'Rose Picking' by Felix Kanitz; the Bulgarian coat of arms appears at right. The note carries multi-line text in Cyrillic script across the face, with the denomination and issuing authority prominently stated.
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Reverse description Central oval vignette in blue intaglio engraving portrays a shepherd standing beneath a tree with a flock of sheep in the middle ground and a sheep-pen visible beneath; the numeral '10' appears in each corner against an intricate guilloche underprint, with ornamental foliate cartouches framing the composition.
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Comments

Bulgaria's first banknote series, of which this is part, was authorized under the 1885 Law on the Bulgarian National Bank — itself drafted just seven years after the country regained autonomy from the Ottoman Empire. The BNB turned to Bradbury Wilkinson almost by default; the London firm was already printing for several newly formed Balkan states scrambling to establish credible paper currency infrastructure in the 1880s.

The "Zlato" designation — meaning gold — indicates the note was nominally backed by gold leva under the Bulgarian gold standard, which the country adopted in line with the Latin Monetary Union framework. Whether that backing held in practice during Bulgaria's volatile early fiscal years is another matter.

P#A5 is among the rarest survivors of the first emission; most circulated heavily in a largely agrarian economy unaccustomed to paper instruments.