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5000 Leva

Issuer Bulgarian National Bank
Year 1924
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Value 5000 Leva
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Obverse description At left, the Bulgarian state coat of arms; at right, an intaglio portrait of Tsar Boris III in military uniform; at centre, the red circular seal of the Bulgarian National Bank, all set against a fine guilloche underprint.
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Reverse description At left, an oval intaglio vignette with a bust portrait of the poet and revolutionary Hristo Botev, surrounded by intricate guilloche border work; the denomination numeral '5000' appears in large figures at right against a patterned background.
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Comments

Bulgaria's fiscal position in 1924 was still badly distorted by the reparations burden imposed under the 1919 Treaty of Neuilly-sur-Mer, and the high denominations of this period reflect genuine monetary stress rather than routine inflationary adjustment. The 5000 Leva was a substantial sum for most Bulgarians at the time of issue.

Hristo Lozev, who handled design work for several Bulgarian state printing commissions in this period, produced this note domestically — the Държавна печатница had by the early 1920s developed sufficient intaglio capability to reduce the foreign printing contracts that had characterized earlier Bulgarian issues. The watermark remains the sole mechanical security feature.

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