Banknote Index


Country Greece
Authority National Bank of Greece
Currency Drachma
Denomination 12.5
Issue Start Date 1922
Issue End Date 1932
Type Normal
Material Paper
Comments 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 Erwin van den Buys
BNI Banknote Id 58343

Catalog & Valuation Details

SourceCatalog # / ReferenceValueDate of ValueComments
12th Ed SCWPM General Issues P-0060    
Greece, 12.5 Drachma, P60