Mint Year: 1972 / 1973 References: KM-81 / KM-82. Condition: Lightly toned, otherwise, nicely struck proofs! Denominations: 5 Leva - 250th Anniversary - Birth of Paisi Hilendarski (Historian) / Centennial - Death of Vasil Levski (Revolutionary) Weight: 20.50gm / 20.50gm Material: Silver (.900) Diameter: 36mm
The People's Republic of Bulgaria (PRB; Bulgarian: Народна Република България (НРБ)Narodna Republika Bălgariya (NRB)) was the official name of Bulgaria, when it was a socialist republic that existed from 1946 to 1990 ruled by the Bulgarian Communist Party (BCP), which in turn ruled together with its coalition partner, the Bulgarian Agrarian People's Union (former communist ally). Bulgaria was part of Comecon and a member of the Warsaw Pact and was closely allied with the Soviet Union during the Cold War. The Bulgarian resistance movement during World War II deposed the Kingdom of Bulgaria administration in the Bulgarian coup d'état of 1944 which ended the country's alliance with the Axis powers and led to the People's Republic in 1946.
The BCP modelled its policies after those of the Soviet Union, transforming the country over the course of a decade from an agrarian peasant society into an industrialized socialist society. In the mid-1950s and after the death of Stalin, the party's hardliners lost influence and a period of social liberalization and stability followed under Todor Zhivkov. Varying degrees of conservative or liberal influence followed. After a new energy and transportation infrastructure was constructed, by 1960 manufacturing became the dominant sector of the economy and Bulgaria became a major exporter of household goods and later on computer technologies, earning it the nickname of "Silicon Valley of the Eastern Bloc". The country's relatively high productivity levels and high scores on social development rankings made it a model for other socialist countries' administrative policies.
In 1989, after a few years of liberal influence, political reforms were initiated and Todor Zhivkov, who had served as head of the party since 1954, was removed from office in a BCP congress. In 1990, under the leadership of Georgi Parvanov, the BCP changed its name to the Bulgarian Socialist Party (BSP) and adopted social democracy and democratic socialism in place of Marxism–Leninism. Following the BSP victory in the 1990 election, which was the first openly contested multi-party election since 1931, the name of the state was changed to the Republic of Bulgaria. Geographically, the People's Republic of Bulgaria had the same borders as present-day Bulgaria and it bordered the Black Sea to the east; Romania to the north; Yugoslavia (via Serbia and Macedonia) to the west and Greece and Turkey to the south.
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