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50 Neai Drachmai
| Issuer | Bank of Greece |
|---|---|
| Year | 1953 |
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| Value | 50 Drachmai (50 GRD) |
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| Obverse description | At right, a classical female portrait vignette in intaglio, believed to represent an ancient Greek figure, rendered in fine engraved style. At left, a large underprint numeral '50' is set against guilloche latticework, with the payability clause and place of issue inscribed in Greek. Three signature lines appear below the central text block, with serial number 'A 000000' printed in two positions. |
|---|---|
| Obverse lettering | ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ ΠΕΝΤΗΚΟΝΤΑ ΝΕΑΙ ΔΡΑΧΜΑΙ 50 Πληρωτέαι επι τῃ εμφανισει ΕΝ ΑΘΗΝΑΙΣ ΟΙ ΔΙΕΥΘΥΝΤΑΙ Ο ΔΙΟΙΚΗΤΗΣ (Translation: Bank of Greece Fifty Neai (New) Drachmai 50 Payable on presentation In Athens The Managers The Governor) |
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| Comments |
The "Neai Drachmai" designation marks this note as part of the 1953 redenomination, in which one new drachma replaced 1,000 old drachmai — a direct consequence of the hyperinflationary destruction the Greek currency suffered during and immediately after the Axis occupation of 1941–44. The redenomination was tied to Greece's entry into the Bretton Woods fixed exchange rate system that same year.
Printed in-house at the Bank of Greece's own facility in Athens, the P#185 series ran through multiple signature varieties, of which 185D reflects a later signing combination. Signature-based sub-varieties in this series are frequently mislabeled in collections.