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1 Drachme Ionian Bank Limited
| Issuer | Ionian Bank Limited |
|---|---|
| Year | 1885 |
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| Value | 1 Drachma |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ΙΟΝΙΚΗ ΤΡΑΠΕΖΑ LIMITED ΔΡΑΧΜΗ ΜΙΑ ΜΙΑ |
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| Reverse lettering | Η ΠΑΡΑΠΟΙΗΣΙΣ, Η ΠΛΑΣΤΟΓΡΑΦΗΣΙΣ ΚΑΙ Η ΕΝ ΓΝΩΣΕΙ ΤΗΣ ΠΛΑΣΤΟΤΗΤΟΣ ΚΥΚΛΟΦΟΡΙΑ ΤΙΜΩΡΟΥΝΤΑΙ ΚΑΤΑ Θ/ΤΟΝ ΝΟΜΟΝ. |
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| Comments |
The Ionian Bank was a British-chartered institution — incorporated in London in 1839 — that operated as the sole bank of issue for the Ionian Islands during the period of British Protectorate. After the islands' union with Greece in 1864, the bank retained its note-issuing privilege under Greek authorization, an unusual arrangement that persisted for decades and gave these notes a peculiar dual character: British corporate origin, Greek monetary territory.
By 1885 the bank faced increasing pressure from the National Bank of Greece, which was aggressively consolidating issuing rights across the country. The Ionian Bank's franchise was eventually terminated in 1920.