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| Issuer | National Bank of Greece |
|---|---|
| Year | 1923 |
| Type | Standard circulation banknote |
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| Obverse description | Intaglio portrait of Georgios Stavros set within an oval guilloche vignette at left, with the serial number and large bold denomination numeral '25' at centre against a fine guilloche underprint. The bank title 'ΕΘΝΙΚΗ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ' runs across the top panel, while the written denomination 'ΔΡΑΧΜΑΙ ΕΙΚΟΣΙΠΕΝΤΕ' appears below the central numeral, accompanied by a payability clause and the date 5 March 1923. Two manuscript signatures appear at the lower centre, with the prefix letter series and serial number rendered in red. |
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| Obverse lettering | ΕΘΝΙΚΗ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ ΔΡΑΧΜΑΙ ΕΙΚΟΣΙΠΕΝΤΕ ΠΛΗΡΩΤΕΑ ΕΠΙ ΤΗ ΕΜΦΑΝΙΣΕΙ Ο ΔΙΟΙΚΗΤΗΣ ΘΕΑΣ ΕΠΙΤΡΟΠΟΣ Ο ΤΑΜΙΑΣ |
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| Comments |
This note was issued during one of the most turbulent periods in modern Greek monetary history. The 1920s saw Greece absorbing over a million refugees following the catastrophic population exchange with Turkey after the Asia Minor disaster of 1922 — a humanitarian and fiscal emergency that placed the National Bank under severe strain. New currency in small denominations was urgently needed to keep domestic trade moving.
Bradbury Wilkinson had a long relationship with Greek authorities and produced several denominations in this period. The P#71 series is notably scarce in circulated grades, likely because low-denomination notes of this type were used hard and discarded.