5 Drachmai

Greece in 1923 was absorbing over a million refugees from Anatolia following the population exchange mandated by the Convention of Lausanne — a demographic shock that placed immediate strain on the monetary system. The National Bank of Greece turned to the American Bank Note Company, a reliable supplier for several Balkan and Mediterranean issuers during the interwar period, partly because domestic printing capacity could not meet sudden surges in demand.

P#73 is among the smaller-denomination notes of a series that was quickly overtaken by inflation, limiting the window of practical circulation.