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Change the Regime – Change the Money: Bulgarian Banknotes, 1885-2001

  • Adrian E. Tschoegl


The money we use has symbols and images on it that communicate information. One part of this are pictorial and symbolic elements that draw attention to aspects of the country that issuer is proud of and that convey the message that it wishes to convey. As one would expect, as regimes change, so do the banknotes. Bulgaria has a rich history of change having gone from being a (nominally) Ottoman principality to an independent Kingdom, an agrarian socialist state, a quasi-fascist Monarchy, a People’s Republic, and most recently, a Parliamentary Republic.

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Paper provided by William Davidson Institute at the University of Michigan in its series William Davidson Institute Working Papers Series with number 509.

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Length: 28 pages
Date of creation: 02 May 2002
Date of revision:
Handle: RePEc:wdi:papers:2002-509
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