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1000 Drachmai
| Issuer | Bank of Greece |
|---|---|
| Year | 1942 |
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| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ Δʹ Δʹ 1000 1000 ΔΡΑΧΜΑΙ ΧΙΛΙΑΙ ΠΛΗΡΩΤΕΑΙ ΕΠΙ ΤΗ. ΕΜΦΑΝΙΣΕΙ ΕΝ ΑΘΗΝΑΙΣ ΤΗ. 21η ΑΥΓΟΥΣΤΟΥ 1942 Ο ΔΙΟΙΚΗΤΗΣ ΟΙ ΔΙΕΥΘΥΝΤΑΙ |
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| Reverse lettering | ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ 1000 1000 ΛΕΩΝ ΑΜΦΙΠΟΛΕΩΣ ΕΚΔΟΣΙΣ ΤΕΤΑΡΤΗ |
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| Comments |
Greece under Axis occupation experienced one of the most catastrophic inflations of the twentieth century. By late 1944, prices had increased so many millionfold that the prewar drachma had effectively ceased to function as a unit of account. This 1000 Drachmai note, dated 1942, was part of the occupation-era series issued under the collaborationist government — the Bank of Greece continued to print and issue currency under German and Italian pressure, with the occupying powers effectively using the mechanism to extract resources from the local economy.
The 1944 currency reform replaced occupation drachmai at 50 billion old to one new drachma.