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Voucher - 20 Leva State Loan
| Issuer | People's Republic of Bulgaria |
|---|---|
| Year | 1954 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Second lev (1952-1962) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 20 НАРОДНА РЕПУБЛИКА БЪЛГАРИЯ 20 ДЪРЖАВЕН ЗАЕМ "ВТОРА ПЕТИЛЕТКА" - 1954 ГОДИНА ОБЛИГАЦИЯ 20 Серия ДВАДЕСЕТ ЛЕВА НА ПРИНОСИТЕЛ Серия София 1954 год. (Translation: 20 PEOPLE'S REPUBLIC OF BULGARIA 20 STATE LOAN "SECOND FIVE-YEAR-PERIOD" - YEAR 1954 BOND 20 Series TWENTY LEVA TO THE BEARER Series Sofia 1954) |
| Reverse description | Plain cream paper printed in dark brown Cyrillic text throughout. The upper heading identifies the "Second Five-Year Plan" loan of 1954, followed by paragraphs of legal terms and a titled prize-draw repayment table — "ПЛАН ЗА ТЕГЛЕНЕ НА ПЕЧАЛБИТЕ" — showing prize amounts, draw schedules, and total winnings across 40 draws over the 20-year loan period. |
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| Comments |
The 1954 Bulgarian state loan vouchers were instruments of compulsory borrowing, not voluntary investment. The Bulgarian government — following Soviet-bloc practice — required workers and state employees to purchase these bonds as a payroll deduction, effectively a forced transfer of wages back to the state. The 1954 series came at a point when Bulgaria was still liquidating war-era debt while simultaneously funding heavy industrialization targets under the first Five-Year Plan.
Redemption terms were routinely extended or quietly cancelled, and a significant portion of these vouchers were never honoured at face value. Survivors are common precisely because so many were never exchanged.