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| Issuer | Bulgarska Narodna Banka (Bulgarian National Bank) |
|---|---|
| Year | 1917 |
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| Reference(s) | P#26B |
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| Reverse description | The reverse carries dense Cyrillic typeset text under the heading ИЗДАДЕНЪ ВЪЗ ОСНОВА: (Issued on the basis of:), citing two legal foundations and a numbered table of official decrees (Укази) with corresponding dates, gazette references, and issue numbers ranging from 1912 to 1917. A concluding paragraph sets out the conditions under which this treasury bond is accepted in lieu of cash at the Bulgarian National Bank and other state institutions, specifying an annual interest rate of 5½% until the maturity date of 8 March 1918. A final clause warns of penalties under Articles 183 and 191 of the penal code for misuse of the instrument. |
| Reverse lettering | ИЗДАДЕНЪ ВЪЗ ОСНОВА: 1) Чл. 2 отъ закона за управлението на държавните и на гарантираните отъ държавата дългове; 2) Бонитъ за извънредните свръхсметни кредити на министерството на войната; Този държавенъ съкровищенъ бонъ се приема вместо пари отъ Българската Народна Банка и всички други държавни учреждения за изплащане данъци, бержи, глоби и др. задължения към държавното съкровище и може да служи за гаранция и залогъ за участие в търгове по номиналната му стойност, намалена съ лихвата 5½% годишно за неизтеклото вреде до падежа — 8. III. 1918 За справка виновниятъ се наказватъ съгласно чл.чл. 183 и 191 отъ наказателния законъ. |
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| Comments |
Bulgaria entered the First World War on the side of the Central Powers in October 1915, and the financial strain of sustained mobilization hit hard within two years. This high-denomination note — 10,000 leva zlatni, meaning gold leva — was issued not against any actual gold reserve but as a wartime expedient, with the "zlatni" designation functioning as a nominal peg to pre-war convertibility that no longer existed in practice.
The P#26B designation distinguishes a signature variety within the 1917 series. Wartime paper quality was inconsistent, and surviving examples frequently show brittleness along fold lines.