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25 Drachmai
| Issuer | National Bank of Greece |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | First modern drachma (1832-1944) |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 25 ΕΘΝΙΚΗ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ 25 ΙΒʹ 25 ΔΡΑΧΜΑΙ ΕΙΚΟΣΙΠΕΝΤΕ ΠΛΗΡΩΤΕΑΙ ΕΠΙ Τῌ ΕΜΦΑΝΙΣΕΙ ΑΘΗΝΗΣΙ Τῌ 15 ΑΠΡΙΛΙΟΥ 1923 Ο ΤΑΜΙΑΣ Ο ΔΙΟΙΚΗΤΗΣ Ο ΒΑΣ. ΕΠΙΤΡΟΠΟΣ 25 25 AMERICAN BANK NOTE COMPANY. (Translation: 25 National Bank of Greece 25 Twelfth issue 25 Twenty-five drachmai Payable on demand In Athens on 15 April 1923 The cashier (signature of V. Saridas) The governor (signature of Alexandros Diomidis) The commissioner (signature of Papadakis) 25 25) |
| Reverse description | Log in to see details |
| Reverse lettering | 25 ΕΘΝΙΚΗ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ 25 25 25 ΕΚΔΟΣΙΣ ΔΩΔΕΚΑΤΗ 25 AMERICAN BANK NOTE COMPANY. (Translation: 25 National Bank of Greece 25 25 Twelfth issue) |
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| Comments |
Greece's financial position in 1923 was dire. The war with Turkey had just ended in catastrophe — the Asia Minor Disaster of 1922 displaced over a million refugees, and the fiscal pressure on the National Bank was acute. Notes of this series were issued against a backdrop of forced loans and currency instability that would eventually lead to the 1932 devaluation.
The American Bank Note Company contract was a deliberate vote of confidence in American security printing at a time when Greek authorities had little faith in domestic production capacity. Alexandros Diomidis, one of the three signatories, served as Finance Minister during this turbulent period — his name on a banknote was, in that moment, politically charged.