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| Issuer | Balgarska Narodna Banka |
|---|---|
| Year | 1919 |
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| Value | Log in to see details |
| Currency | Lev (1881-1952) |
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|---|---|
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| Reverse description | The reverse carries the legal basis of issue in printed Cyrillic text across the upper portion, citing the relevant laws governing state and war-credit obligations and listing a series of official gazette references from 1912 to 1917. A bold heading reads 'ИЗДАДЕН ВЪЗ ОСНОВА:' followed by detailed regulatory clauses, and the lower half presents a printed interest accrual table (Стойност) for the 5% Държавен Съкровищен Бон, arranged by month and year up to the redemption date of 10 February 1919, with columns for лева and стотинки across all months. |
| Reverse lettering | ИЗДАДЕН ВЪЗ ОСНОВА: БЪЛГАРСКАТА НАРОДНА БАНКА ПЛАЩА И ПРЕДИ ПАДЕЖА ПРЕДЯВИТЕЛЯ НА ТОЗИ ДЪРЖАВЕН СЪКРОВИЩЕН БОН СТОЙНОСТ ДЪРЖАВЕН СЪКРОВИЩЕН БОН ПРИ 5%, КАТО ЗА ИЗТЕКЛО ВРЕМЕ ЗА ПОДПРАВКА ВИНОВНИТЕ СЕ НАКАЗВАТ СЪГЛАСНО ЧЛ. 183 И 191 ОТ НАКАЗАТЕЛНИЯ ЗАКОН |
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| Comments |
The Bulgarian National Bank issued this note in the immediate aftermath of World War One, when Bulgaria — on the losing side — was facing punishing reparations under the Treaty of Neuilly-sur-Seine signed in November 1919. The monetary system was under severe strain, and high-denomination notes like this 5,000 Leva were a direct response to accelerating inflation that would only worsen through the early 1920s.
Printed domestically in Sofia rather than sent abroad to established security printers, which was the common practice for Bulgarian issues of the period. The decision reflects both wartime disruption to normal banking relationships and a degree of postwar isolation.