In modern Europe the Euro reigns supreme alongside the British Pound. They are on the list of the most traded currencies in the world and are generally considered stable. However before the Euro served the majority of Europe each country had its own national currency. That means each individual country had to design and mint their own banknotes and coins. The Euro unified a lot of economies and simplified life for people and banks. Let’s look at the Greek Drachma before the implementation of the Euro.
New Modern Greek Banknote Design
The Greek Drachma was in use for many centuries. The modern Drachma was first introduced in 1832. The design for these notes was taken from ancient Greek architecture, depicting various columns and other architectural features found at many temples built during classical times. This same style/theme was continued into later generations of Drachma. This banknote looks more like a coupon than a traditional banknote but, the effigy’s really make it artistic.
The 5 Drachmai, 1915 was printed by the American Banknote Company and started showing more modern banknote design. The front features an image of Georgios Stavros a Greek banker who supported Greek independence and also helped establish the National Bank of Greece. On the right side you can find the national coat of arms. The Drachmai followed this same style for many decades to come. The 10 Drachmai, 1940 stands out because it mixes a lot of classic Greek design and makes it so eye catching.
The 100 Drachmai, 1978 was the design set the tone for other banknotes that came up until the adoption of the Euro. They still features images of past figures with traditional Greek patterns and writing. The front features a head of Piraeus Athena and the reverse an image of Adamantios Korais a doctor and eduactor. This type of design was in use until the Euro but, its still a very collectible item.