250 Drachmai Half of 500 Drachmai

In 1922, Greece was in the middle of the catastrophic Asia Minor campaign — military expenditure had overwhelmed the treasury, and the government needed currency fast. Rather than commission an entirely new print run, the authorities took existing 500 Drachmai notes from circulation, cut them in half vertically, and declared each half legal tender for 250 Drachmai. The left half retained Pick #62a status; the right half, #62b. It was a forced loan dressed up as monetary policy.

ABNC had printed the parent 500 Drachmai notes years earlier. The Greek government's solution cost almost nothing to implement — the cutting was done by the bank itself, not in New York.