100 Drachmai

正面描述	At left, a vignette of Athena; at centre, the coat of arms of King George I; at right, a profile portrait of Georgios Stavros, founder of the National Bank of Greece. The composition is framed by ornate guilloche borders typical of late nineteenth-century intaglio engraving.
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背面铭文	BANQUE NATIONALE DE GRECE 100 FRANCS (Translation: NATIONAL BANK OF GREECE 100 FRANCS)
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备注	Greece's late nineteenth-century finances were in chronic disorder — the country had defaulted on foreign debt in 1893 and was operating under sustained fiscal pressure throughout this period. The National Bank of Greece held a printing monopoly and a de facto lending stranglehold over the state, which gave its notes a peculiar dual status: nominally convertible, but practically circulating as forced currency during repeated suspension periods. P#45 is among the larger-denomination notes of the series and correspondingly rare in any grade. High-denomination Drachmai notes from this era were frequently retained as store-of-value instruments rather than cycled through trade, yet convertibility suspensions meant redemption was often deferred or effectively denied. The 1893 default came just one year after this series began circulating.

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