Bank of Greece (ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ) Currency & Banknote Values

The Bank of Greece (ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ) series of Greece in the World Currency contains 0 distinct entries.

In 1927 the League of Nations met in Geneva to resolve severe economic issues within Greece. At this meeting, it was determined that the National Bank of Greece could not operate as both a central and a commercial bank. As a result, the Tραπεζα Tης Ελλαδος (Bank of Greece, BOG) was created by the Geneva Protocol of 15 September 1927. The Bank of Greece was authorized to become the only note-issuing authority in Greece, with a mandate “to ensure that the gold value of its notes remains stable. To this end, it shall exercise, within the limits of its Statute, control over currency and credit in Greece.”

During World War II, the bank operated in exile from London. The gold reserves of the bank which backed the notes were moved several times, first from Athens to Crete, then to Egypt, and finally to South Africa.

The first Bank of Greece notes were overprinted National Bank of Greece issues. In 1941, the Bank of Greece established IETA, or Ίδρυμα Εκτυπώσεως Τραπεζογραμματίων και Αξιών (Bank of Greece Printing Works) and since 1947 all Greek notes have been printed by IETA. The Bank of Greece issued notes from 1928 until the introduction of the euro in 2002. IETA is responsible for the printing of some euro notes, linking past and present.