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20 Leva

Issuer Bulgarian National Bank
Year 1962
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In circulation to 31 December 1996
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Obverse description Asymmetrical composition with the state coat of arms at centre, a portrait of Georgi Dimitrov to the left, and a denomination numeral "20" within a guilloche vignette at centre; a further numeral "20" within a vignette appears on the right white margin.
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Protection description Two hands holding a sickle and hammer.
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Comments

Bulgaria's 1962 note series was issued under the tight political and economic orbit of the Soviet Union, and the choice of Goznak in Moscow as printer was entirely consistent with that alignment — several Warsaw Pact states had their currency printed there during this period. The notes entered circulation during a currency reform that replaced the old lev at a 10:1 ratio, effectively wiping out accumulated savings and resetting the monetary system.

Goznak production from this era is generally clean and consistent, though the watermark security on Bulgarian issues of this series is considered relatively rudimentary by contemporary standards.

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