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100 Leva Zlato

Issuer Bulgarian National Bank
Year 1919-1920
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Currency First lev (1881-1952)
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Obverse description Log in to see details
Obverse lettering 100
СТО ЛЕВА
БЪЛГАРСКАТА НАРОДНА БАНКА
Плаща прѣдѫвителю въ замѣна на таѫ банкнота
СТО ЛЕВА ЗЛАТО
Управитель
Касиеръ
THRACE INTERNATIONALE
(Translation: One hundred leva. The Bulgarian National Bank pays the bearer for the exchange of this banknote one hundred leva gold. Governor / Cashier.)
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Reverse lettering 100
СТО ЛЕВА
ЗА ПОДПРАВКА
ВИНОВНИТЕ СЕ НАКАЗВАТЪ СЪГЛАСНО
§§ 183 И 191 ОТЪ НАКАЗ. ЗАКОНЪ
(Translation: One hundred leva. For forgery, the guilty are punished according to articles 183 and 191 of the Penal Code.)
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Comments

Bulgaria emerged from the First World War on the losing side, and the financial strain was severe. The "Zlato" — gold — designation on this note was aspirational at best; it notionally pegged the value to a gold standard that Bulgaria was in no practical position to maintain, particularly under the reparations terms imposed by the Treaty of Neuilly-sur-Seine in November 1919.

The two-year window of this issue reflects the instability of the period rather than a planned series change. Successive overprints and authorization renewals were common across Bulgarian notes of this stretch.

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