Currants, Olives & Cotton: History of the Ionian Bank

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Languishing in the azure Mediterranean Sea, the picturesque Ionian Isles seem an unlikely venue for vast international trade and the spread of Mexican dollars.

Undoubtedly, early links with Venice helped, but the influences of France, Turkey, Britain and, ultimately, Greece have left indelible marks.

In 1814, occupying French forces abandoned Corfu. Soon after the Napoleonic collapse, Ionia found itself hosting a ‘protector’, a Lord High Commissioner, courtesy of Great Britain.

Currants and olive oil provided an economic backbone. Currency was mainly coin, comprising silver dollars and Mexican and Maria Theresa thalers.