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500 Leva Zlato

Issuer Bulgarian National Bank
Year 1907
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Value 500 Leva
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Reverse description The central field of the reverse carries the Cyrillic denomination inscription "ПЕТСТОТИНЪ ЛЕВА" arranged within a wreath motif, set against a background of intricate guilloche underprint work. A forgery warning in Cyrillic text runs along the lower portion of the note, citing specific articles of the Bulgarian criminal code. The composition is typical of Goznak-produced notes of the era, with finely engraved geometric lathe-work filling the surrounding margins.
Reverse lettering Петстотинъ Лева За подправка виновнитѣ се наказватъ съгласно §§ 183 и 191 отъ наказ. законъ.
(Translation: Five Hundred Leva For forgery the guilty are punished according to Art. 183 and 191 of the criminal law)
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The "Zlato" (gold) designation was not decorative — it indicated convertibility into gold coin at a fixed rate, a commitment the Bulgarian National Bank made under the gold standard framework adopted after the country's 1880s monetary reorganization. By 1907, Bulgaria was still a principality nominally under Ottoman suzerainty, a political awkwardness that sat uneasily alongside the ambition of issuing a high-denomination convertible note printed in Saint Petersburg.

Three known signature combinations across the series suggest a long active lifespan for the printing, with different governors and cashiers cycling through. The Goznak facility had supplied Bulgarian banknote production since the earliest issues — a practical arrangement given that Bulgaria lacked domestic security printing capacity well into the twentieth century.