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Voucher - 20 Leva State Loan
| Issuer | People's Republic of Bulgaria |
|---|---|
| Year | 1955 |
| Type | Vouchers |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | НАРОДНА РЕПУБЛИКА БЪЛГАРИЯ ЗАЕМ ЗА РАЗВИТИЕ НА СЕЛСКОТО СТОПАНСТВО - 1955 г. ОБЛИГАЦИЯ Серия 20 Серия ДВАДЕСЕТ ЛЕВА НА ПРИНОСИТЕЛ София 1955 год. (Translation: PEOPLE'S REPUBLIC OF BULGARIA LOAN FOR DEVELOPMENT OF AGRICULTURE - 1955 BOND Series 20 Series TWENTY LEVA TO THE BEARER Sofia 1955) |
| Reverse description | Plain cream ground carries the title ЗАЕМ ЗА РАЗВИТИЕ НА СЕЛСКОТО СТОПАНСТВО 1955 ГОДИНА at top, followed by a brief legal text explaining loan conditions, and a printed table headed ПЛАН ЗА ТЕГЛЕНЕ НА ПЕЧАЛБИТЕ setting out the prize-draw redemption schedule across 40 draws over the 20-year loan term. |
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| Comments |
The 1955 Bulgarian state loan vouchers were instruments of compulsory lending, not voluntary investment. The People's Republic routinely pressured workers and employees to "subscribe" to these bonds through workplace campaigns, with participation rates that looked voluntary on paper but rarely were. The 20 Leva denomination was pitched at the lower end of the series, calibrated to be accessible enough that refusal was difficult to justify.
Redemption was deferred by years, and in practice many holders never recovered the full face value. Printed domestically by the State Printing House in Sofia rather than contracted abroad, as earlier Bulgarian paper issues had been.