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1 Nea Drachma

Emittent Bank of Greece
Jahr 1953
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Form Rectangular
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Vorderseitenbeschreibung A right-facing vignette of Athena in classical profile occupies the right portion of the note, set within an oval frame against a fine guilloche background. The upper field bears the bank title in Greek capitals and the denomination MIA NEA ΔΡΑΧΜΗ in large bold lettering at centre. The serial number A 000000 appears twice in blue, with three signature lines of bank officials below the central text block and a payable clause at upper left reading EN ΑΘΗΝΑΙΣ.
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Rückseitenbeschreibung The reverse is composed entirely of intricate multicolour guilloche lacework in blue and red-orange, filling the entire field without a central pictorial vignette. A rectangular panel at centre carries the inscription ΜΙΑ ΝΕΑ ΔΡΑΧΜΗ in bold Greek capitals, framed by a meander border. The bank title ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ is printed in blue at the top, with the numeral 1 in blue at lower left and lower right.
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Anmerkungen

The "Nea" (New) Drachma denomination was introduced following Greece's 1953 revaluation, which slashed the old drachma at a rate of 1,000 to 1 — the cumulative damage of wartime occupation, the Axis requisition of Greek gold reserves, and a vicious postwar hyperinflation that had rendered earlier notes essentially worthless. This 1 Nea Drachma is among the lowest denominations of that reformed series, printed in-house by the Bank of Greece rather than contracted abroad.

The Bank of Greece Printing Works had been producing domestic issues since the mid-1940s; this note continued that tradition at a moment when the redenomination was still fresh enough that the public remained skeptical of paper.