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100 Leva

Issuer Bulgarian National Bank
Year 1922
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In circulation to 31 December 1933
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Obverse lettering Българската Народна Банка
Сто Лева
Плаща Предявителю
София 1922 г.
(Translation: The Bulgarian National Bank / One Hundred Leva / Pays the Bearer / Sofia 1922)
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Reverse lettering BANQUE NATIONALE DE BULGARIE
Сто Лева
За подправка виновнитѣ се наказватъ съгласно чл. 183 и 191 отъ наказателния законъ.
(Translation: Banque Nationale de Bulgarie / One Hundred Leva / For forgery the guilty are punished according to Art. 183 and 191 of the criminal law.)
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Comments

Bulgaria turned to the American Bank Note Company for this 1922 issue partly out of necessity — domestic printing capacity was constrained in the postwar years, and ABNC had already supplied engraved work to several Balkan states. The design credit shared between Dimitar Gyudjenov and Nikola Kozhouharov is unusual; collaborative attribution at this level of specificity is rare for Bulgarian issues of the period, suggesting a deliberate division of labor between the two artists rather than a conventional studio arrangement.

Bulgaria in 1922 was navigating acute fiscal stress following reparations imposed by the Treaty of Neuilly. The 100 Leva was a meaningful denomination in that environment — not a pocket note.

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