100 000 Leva

Bulgaria's postwar financial crisis after the First World War was severe enough that the government resorted to an unusual expedient: rather than printing entirely new high-denomination notes, existing notes were overstamped with revenue stamps to validate and authorize their inflated face values. The P#33C is a product of that stop-gap approach.

The 100,000 Leva denomination itself signals the scale of the inflationary pressure Bulgaria faced under the Treaty of Neuilly-sur-Seine reparations burden, which stripped the country of territory, livestock, and hard currency simultaneously.