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100 Leva Zlatni

Issuer Bulgarian National Bank
Year 1919-1920
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Value 100 Leva
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Obverse description A female allegorical vignette at left, with the Bulgarian state arms rendered at upper centre. The note bears an adhesive overprint stamp of type B in black on white paper, together with an embossed official seal, both applied as validation marks.
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Reverse lettering СТО ЛЕВА ЗЛАТНИ
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Comments

Bulgaria emerged from the First World War on the losing side, stripped of territory and saddled with reparations under the Treaty of Neuilly (1919). The "zlatni" designation — meaning gold — was nominal; these notes were not convertible to specie. The Bulgarian National Bank was issuing paper against a gold standard it could no longer maintain, and the public knew it.

Giesecke & Devrient in Leipzig had a long relationship with Bulgarian currency production, and this series continued that arrangement even as Germany itself was sliding toward its own monetary collapse. The P#S114 classification marks it as a subsidiary or special issue rather than a primary circulation series.

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