Bulgaria's postwar financial crisis after the First World War was severe enough that the government resorted to an unusual expedient: rather than printing entirely new high-denomination notes, existing notes were overstamped with revenue stamps to validate and authorize their inflated face values. The P#33C is a product of that stop-gap approach.
The 100,000 Leva denomination itself signals the scale of the inflationary pressure Bulgaria faced under the Treaty of Neuilly-sur-Seine reparations burden, which stripped the country of territory, livestock, and hard currency simultaneously.
Bulgaria's postwar financial crisis after the First World War was severe enough that the government resorted to an unusual expedient: rather than printing entirely new high-denomination notes, existing notes were overstamped with revenue stamps to validate and authorize their inflated face values. The P#33C is a product of that stop-gap approach.
The 100,000 Leva denomination itself signals the scale of the inflationary pressure Bulgaria faced under the Treaty of Neuilly-sur-Seine reparations burden, which stripped the country of territory, livestock, and hard currency simultaneously.