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50 Drachmai

Issuer Bank of Greece
Year 1964
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Value 50 Drachmai (50 GRD)
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Reverse description Blue on multicolour underprint. The central vignette presents a composite composition juxtaposing an ancient shipyard scene with a modern naval construction facility, illustrating the continuity of Greek maritime heritage. The denomination appears in large numerals at left and right, flanked by the bank's title in Greek lettering and the note's printing authority inscription at lower centre.
Reverse lettering ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ 50 50 ΔΡΑΧΜΑΙ ΠΕΝΤΗΚΟΝΤΑ 50 ΙΔΡΥΜΑ ΤΡΑΠΕΖΗΣ ΤΗΣ ΕΛΛΑΔΟΣ
(Translation: Bank of Greece 50 50 Fifty Drachmai 50 Printing Works of the Bank of Greece)
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Greece established its own banknote printing facility in Holargos — a suburb northeast of Athens — in 1941, largely to reduce dependence on foreign printers during wartime. By 1964, the operation was fully capable of producing the entire drachma series domestically, and this note is one of the cleaner examples of that self-sufficiency: designer and engraver both Greek nationals working under a Greek institution.

Lambros Orfanos trained in the intaglio tradition and engraved several notes in this postwar series. A watermark-only security specification was modest even by early 1960s standards, reflecting cost decisions rather than any technical limitation of the Holargos facility.