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1000 Drachmai cut note
| Issuer | National Bank of Greece |
|---|---|
| Year | 1926 |
| Type | Standard circulation banknote |
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| Obverse description | This is a cut portion of P#69, retaining the central design area of the original 1000 Drachmai note. The central vignette carries the Greek royal coat of arms — a shield bearing the cross supported by two allegorical male figures beneath a crown — set within a circular guilloche border. The denomination 1000 appears in numerals above and below the arms, with the inscription ΓΛΗΡΩΤΕΑΙ ΕΠΙ ΤΗ ΕΜΦΑΝΙΣΕΙ / Ο ΒΑΣ. ΕΓΙΤΡΟΓΟΣ below, and a red overprint ΝΕΟΝ across the central medallion. |
|---|---|
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| Reverse description | The visible portion of the reverse presents a neoclassical architectural vignette rendered in fine intaglio, centred on a monumental arched portal framed by tall columns. Within the arch, a large decorative krater rests on an ornate pedestal, with a scenic landscape visible to the right side. The denomination 1000 appears in the lower portion of the design, and the partial inscription ΕΘΝΙΚ is visible in the upper right, identifying the National Bank of Greece. |
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| Comments |
The 1926 Greek 1000 Drachmai (Pick 83) is a cut note — meaning it was issued as one half of a larger denomination note, physically bisected as an emergency measure to create smaller-value currency from existing stock. Greece was in the middle of severe monetary instability during this period, with the drachma under sustained pressure following the catastrophic population exchange with Turkey after 1922, which flooded Greece with over a million refugees and strained public finances to breaking point.
The National Bank of Greece had the legal authority to issue currency at this time, before the Bank of Greece was established in 1928 and took over that function.