100 Drachmai unissued

Pick 108 was printed by Waterlow & Sons in 1939 but never released into circulation — the German occupation beginning in April 1941 overtook the Bank of Greece's currency planning entirely, and the wartime monetary collapse that followed made orderly note issuance a secondary concern at best. Unissued remainder stocks of this type survived largely intact, which is why the note exists in collections at all.

Waterlow's relationship with the Bank of Greece stretched across several interwar issues, and the quality of the intaglio work on this series is characteristically high. The watermark security provision, modest by later standards, was typical of Waterlow's Greek contracts of the period.