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200 Leva

Issuer Bulgarian National Bank
Year 1992
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Value 200 Leva (200 BGL)
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Obverse description Log in to see details
Obverse lettering ИВАН ВАЗОВ
1850-1921
ДВЕСТА ЛЕВА
БЪЛГАРСКА НАРОДНА БАНКА
Управител Гл. касиер
(Translation: Ivan Vazov / 1850-1921 / Two Hundred Leva / Bulgarian National Bank / Governor Chief Cashier)
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Protection description A rampant lion watermark, visible when held to light.
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Comments

The 1992 Bulgarian lev series was issued as the country navigated the economic wreckage of post-communist transition — hyperinflation had already gutted purchasing power, and the 200 Leva denomination, substantial on paper, was losing real value faster than the notes could circulate. Within four years Bulgaria would experience one of the most severe banking collapses in post-Soviet Eastern Europe, and the entire lev would be replaced by a new currency pegged to the Deutsche Mark in 1997.

Printing was contracted to the Wertpapierdruckerei in Leipzig — itself a firm navigating reunification-era restructuring — rather than to the established western security printers Bulgaria had occasionally used previously. The watermark is the sole listed security feature, a notably thin specification for a denomination of this size.

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