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100 Leva Zlatni

Issuer Bulgarian National Bank
Year 1919-1920
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Size 188 × 117 mm
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Reverse description The Bulgarian state coat of arms, crowned and supported by two rampant lions, is centrally positioned within an elaborate intaglio-engraved frame of interlocking guilloche rosettes and ornamental cartouches. The numeral '100' appears in large format at left and right, with the denomination repeated in Cyrillic lettering across the underprint field.
Reverse lettering СТО ЛЕВА ЗЛАТНИ
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Comments

Bulgaria emerged from the First World War on the losing side, stripped of territory and saddled with reparations under the Treaty of Neuilly (1919). The "zlatni" designation — meaning gold — was nominal; these notes were not convertible to specie. The Bulgarian National Bank was issuing paper against a gold standard it could no longer maintain, and the public knew it.

Giesecke & Devrient in Leipzig had a long relationship with Bulgarian currency production, and this series continued that arrangement even as Germany itself was sliding toward its own monetary collapse. The P#S114 classification marks it as a subsidiary or special issue rather than a primary circulation series.