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| 正面铭文 | 40 НАРОДНА РЕПУБЛИКА БЪЛГАРИЯ 40 ДЪРЖАВЕН ЗАЕМ "ВТОРА ПЕТИЛЕТКА" - 1954 ГОДИНА ОБЛИГАЦИЯ 40 Серия ЧЕТИРИДЕСЕТ ЛЕВА НА ПРИНОСИТЕЛ Серия София 1954 год. (Translation: 40 PEOPLE'S REPUBLIC OF BULGARIA 40 STATE LOAN "SECOND FIVE-YEAR-PERIOD" - YEAR 1954 BOND 40 Series FORTY LEVA TO THE BEARER Series Sofia 1954) |
| 背面描述 | Plain cream paper reverse printed in black letterpress, headed ЗАЕМ „ВТОРА ПЕТИЛЕТКА” — 1954 ГОДИНА. The main body consists of several paragraphs of legal and financial text describing the terms of the loan, followed by a titled table ПЛАН ЗА ТЕГЛЕНЕ НА ПЕЧАЛБИТЕ setting out the prize draw schedule across 40 draws over the 20-year loan term. |
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The 1954 Bulgarian state loan vouchers were instruments of compulsory borrowing — not voluntary investment. The postwar People's Republic ran successive "subscription" campaigns through the early 1950s in which workers were effectively required to purchase loan bonds through workplace deductions, with redemption dates set years or decades out. Many were never redeemed at full value.
Printed domestically at the State Printing House in Sofia, these vouchers bypassed foreign currency printers entirely — a deliberate policy shift from the prewar period.