Banknote Index

 

 
Country Greece
Authority National Bank of Greece
Currency Drachma
Denomination 5
Issue Start Date 25/03/1922
Issue End Date 01/01/1927
Type Normal
Material Paper
Width in mm 67
Height in mm 69
Comments Left hand half of P51
By 1922 Greece was financially drained by its involvement in a series of wars over 10 years.
The government therefore imposed a compulsory internal loan. Under Act 2749 of 25 March 1922
all banknotes of 5 drachmas and over were cut in half.
The left hand section then circulated at half its original value; the right hand section was exchanged for a 20 year bond. Withdrawal of these notes began in December 1924 and continued until they were declared invalid in January 1932.
Source John Minucos
BNI Banknote Id 75337

Catalog & Valuation Details

SourceCatalog # / ReferenceValueDate of ValueComments
10th Ed SCWPM General Issues P-0059    
Greek Paper Money, Vol.1 by Theodore Pitidis-Poutous 55b    
Greece, 5 Drachma, P59, 55b

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