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5000 Leva

Issuer Glavna Direktsia na Darzhavnite i na Garantiranite ot Darzhavata Dagove (Bulgarian State Debt Directorate)
Year 1945
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Shape Rectangular
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Obverse lettering ЦАРСТВО БЪЛГАРИЯ
ГЛАВНА ДИРЕКЦИЯ НА ДЪРЖАВНИТЕ И НА ГАРАНТИРАНИТЕ ОТ ДЪРЖАВАТА ДЪЛГОВЕ
ДЪРЖ. СЪКР. БОН
5000 ЛЕВА
София, 5 март 1945 година
ГЛ. ДИРЕКТОР НА ДЪРЖ. ДЪЛГОВЕ
МИНИСТЪР НА ФИНАНСИТЕ
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Reverse lettering 5000
ЧИСЛО
МЕСЕЦ
ЛВ. ДВ. ЛВ.
СТОП
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Comments

The Bulgarian State Debt Directorate — not the Bulgarian National Bank — issued this 5000 Leva as part of a wartime and immediate postwar financing arrangement that blurred the line between government debt instruments and circulating currency. Bulgaria's monetary situation in 1945 was severe: the country had shifted from the German orbit to Soviet occupation in September 1944, and the new Fatherland Front government inherited a currency under extreme inflationary pressure.

The "P" suffix in the Pick reference denotes a proof, which is the form in which most catalog examples of this type are documented. Issued circulation specimens are considerably harder to locate.

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