NATIONAL BANK OF GREECE P-54 1918 RIGHT HALF P-58 1922 2 1/2 DRACHMAI BANKNOTE

Description

P-58 GREECE - 2 1/2 DRACHMAI 1922
GREEK NOTES THAT WERE CUT IN HALF HELPED STAVE OFF GOVERNMENT COLLAPSE DURING ECONOMIC TURMOIL.
If you are relatively new to the world of numismatics you may think a banknote that is torn in half has little to no value. For the most part, it’s true, but then there are those uncommon exceptions, like the Greek half drachma notes from the early 20th century.
The economic depression of the 1920s affected many nations around the globe, including Greece. In 1922, the Greek government issued a forced loan in order to finance their growing budget deficit. On April 1, 1922, the government decreed that half of all bank notes had to be surrendered and exchanged for 6.5% bonds. The notes were then cut in half, with the portion bearing the Greek crown standing in for the bonds while the other half was exchanged for a new issue of central bank notes at half the original value.
Shipping Policy Details
Combined shipping
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b.
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