500 Drachmai

The 1932 issue came at a brutal moment for Greek public finance. Greece had suspended the gold standard in April of that year, and the drachma was in freefall — a 500-drachmai note represented serious purchasing power against a backdrop of rapid depreciation and public anxiety about the banking system. Tsouderos, who signed this note as Governor, would later serve as Prime Minister of the Greek government-in-exile during the Axis occupation.

ABNC's New York shop produced clean intaglio work throughout this series, and their security printing quality stands in some contrast to what Greek monetary conditions warranted at the time.