50 Drachmai Half of 100 Drachmai

In 1922, facing a severe monetary shortage tied to the catastrophic Greek military campaign in Anatolia, the Greek government resorted to a drastic measure: existing 100 Drachmai notes were recalled, physically cut in half, and each half was reissued as a 50 Drachmai note — one half redeemable immediately, the other exchanged for a government bond. It was forced borrowing by scissors. The ABNC plates that produced the original 100 Drachmai series were never intended to yield two independent circulating instruments.

Surviving bisects vary considerably in cut quality and alignment, and the bond-redemption half is substantially rarer than the circulating half.