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50 Drachmai

Issuer Bank of Greece
Year 1954
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Value 50 Drachmai (50 GRD)
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Reverse description Dark green on pale blue and yellow underprint. The watermark area is reserved at left, while a central vignette presents the Temple of Poseidon at Sounion rendered in fine line engraving. The denomination is stated in Greek script at right, with the inscription identifying the monument and the issuing institution arranged around the composition.
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Protection description Head of Apollo.
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Comments

Greece established its own state security printing works in the early 1950s partly in response to the catastrophic counterfeiting vulnerabilities exposed during the Axis occupation, when forged drachmai flooded the market alongside genuine occupation currency. Printing domestically, in Holargos outside Athens, gave the Bank of Greece direct control over both plate security and distribution — a priority after years of relying on foreign printers and watching its currency destroyed twice over by hyperinflation within a single decade.

The P#188 series is among the earliest issues to come entirely out of that facility.

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