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Voucher - 20 Leva State Loan

Issuer People's Republic of Bulgaria
Year 1952
Type Vouchers
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Obverse description Green and pink bicolour bond printed in letterpress, with an ornate border enclosing six vignettes of socialist workers and peasants in agricultural and industrial scenes. The state coat of arms appears at top centre flanked by wheat ears, above the title banner; a pink underprint of an industrial cityscape fills the central field behind the denomination numeral and bearer inscription.
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Reverse lettering ЗАЕМ ЗА РАЗВИТИЕ НА НАРОДНОТО СТОПАНСТВО 1952 ГОДИНА
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Comments

The 1952 Bulgarian state loan vouchers were instruments of the forced subscription campaigns that followed the Soviet model closely — workers and civil servants were expected to "voluntarily" purchase bonds, with deductions taken directly from wages. The 1952 loan was one of several such drives conducted under the early People's Republic, ostensibly to fund industrial reconstruction but functioning primarily as a mechanism for draining private purchasing power from the economy.

Redemption was repeatedly deferred, and many holders never recovered the face value.

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