Bulgaria's 1999 redenomination slashed 1,000 old leva from every price tag, making this 20 stotinki the equivalent of the old 200-leva coin — a denomination that had become nearly worthless during the catastrophic hyperinflation of 1996–97, when the lev lost roughly 90% of its value in under a year and the IMF imposed a currency board arrangement that pegged the lev to the Deutsche Mark.
Bulgaria's 1999 redenomination slashed 1,000 old leva from every price tag, making this 20 stotinki the equivalent of the old 200-leva coin — a denomination that had become nearly worthless during the catastrophic hyperinflation of 1996–97, when the lev lost roughly 90% of its value in under a year and the IMF imposed a currency board arrangement that pegged the lev to the Deutsche Mark.