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5 Drachmai

Issuer National Bank of Greece
Year 1923
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Size 110 × 60 mm
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Obverse description Portrait vignette of Georgios Stavros, founder of the National Bank of Greece, at left, with the denomination numeral and text at centre-right. The design incorporates fine guilloche underprint work typical of American Bank Note Company production of the period.
Obverse lettering ΕΘΝΙΚΗ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ 5 ΔΡΑΧΜΑΙ ΠΕΝΤΕ ΠΛΗΡΩΤΕΑΙ ΕΠΙ ΤΗ⹁ ΕΜΦΑΝΙΣΕΙ ΑΘΗΝΗΣΙ ΤΗ⹁ 28 ΑΠΡΙΛΙΟΥ 1923
(Translation: National Bank of Greece 5 Five drachmai Paid on appearance In Athens, on 28 April 1923)
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Comments

Greece in 1923 was absorbing over a million refugees from Anatolia following the population exchange mandated by the Convention of Lausanne — a demographic shock that placed immediate strain on the monetary system. The National Bank of Greece turned to the American Bank Note Company, a reliable supplier for several Balkan and Mediterranean issuers during the interwar period, partly because domestic printing capacity could not meet sudden surges in demand.

P#73 is among the smaller-denomination notes of a series that was quickly overtaken by inflation, limiting the window of practical circulation.

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