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100 Leva Srebro

Issuer Bulgarian National Bank
Year 1903
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Reference(s) P#5
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Reverse description Vertical format reverse with a central vignette bearing the numeral "100" at the top within an elaborate guilloche framework. A rectangular panel at the bottom carries the inscription "СТО ЛЕВА" (One Hundred Leva), while the overall design is composed of interlocking lathe-work patterns and corner ornaments repeating the denomination.
Reverse lettering Сто Лева За подправка виновнитѣ се наказватъ съгласно §§ 183 и 191 отъ наказ. законъ.
(Translation: One Hundred Leva For forgery the guilty are punished according Art. 183 and 191 of the criminal law)
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Comments

Bulgaria's 1903 banknote series was printed in Saint Petersburg under a contract with the Imperial Russian state printing works — a politically freighted arrangement given Russian influence in Bulgarian affairs following the 1878 liberation from Ottoman rule. The choice of Goznak was practical as much as diplomatic: Bulgaria lacked domestic printing infrastructure capable of producing secure currency at scale.

The "Srebro" designation — silver — indicates this note was technically redeemable in silver coin, a convertibility guarantee the Bulgarian National Bank maintained fitfully through periods of fiscal strain in the early twentieth century. That redemption promise would become increasingly nominal after the Balkan Wars.

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