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Voucher - 40 Leva State Loan
| Issuer | People's Republic of Bulgaria |
|---|---|
| Year | 1955 |
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| In circulation to | Yes |
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| Obverse description | Red letterpress on cream paper. Central text panel states the bond title and denomination over a guilloche underprint with large ornate numeral 40. The border is composed of eight vignettes illustrating agricultural and industrial scenes — including livestock herding, field labour, shipbuilding, and tractor use — with denomination counters at each corner. The Bulgarian state emblem appears at top centre above a red five-pointed star. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Plain cream paper printed in black letterpress. The reverse carries the full terms of the 1955 Agricultural Development Loan, authorised by Council of Ministers decree of 21 January 1955, including exemption clauses and a structured prize-draw repayment table — "ПЛАН ЗА ТЕГЛЕНЕ НА ПЕЧАЛБИТЕ" — covering 40 draws over a 20-year term to 1976. |
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| Comments |
Bulgaria's 1955 state loan vouchers were instruments of compulsory borrowing — the government issued them to workers and employees who were effectively required to subscribe a portion of their wages to state bond drives throughout the early 1950s. This was not voluntary savings; it was wage deduction dressed in the language of civic duty, a practice common across the Soviet bloc during the postwar reconstruction period.
The 1955 series coincided with Bulgaria's Fifth State Loan, issued under finance minister Dimitar Popov's administration as the country pushed through its first Five-Year Plan. Redemption schedules stretched across decades, and many holders never saw full repayment.