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This is one of the bonds that was issued for the right hand half of banknotes which were cut in 1922. There were 3 values - 1,5,10 (100 drachmas, 500 drachmas, 1000 drachmas). They were issued under Law 2749 of 25 March 1922. They were lottery loans, meaning that at regular intervals (annually or quarterly?) a total of 267 bonds would share in a prize pool of 2 million drachmas paid on top of the regular interest (see the back for details). They were 20 year bonds, which means that the Germans came in (in April 1941) before they were paid out. |
