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1000 Drachmai punch holes

Issuer National Bank of Greece
Year 1941
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Value 1000 Drachmai
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Obverse lettering ΕΘΝΙΚΗ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ
ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ
ΔΡΑΧΜΑΙ ΧΙΛΙΑΙ
1000
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Reverse lettering ΕΘΝΙΚΗ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ
ΕΚΔΟΣΙΣ ΠΕΜΠΤΗ
1000
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Comments

Greece was occupied by Axis forces from April 1941, and the occupying authorities immediately sought to control the money supply. Notes already in circulation — including this 1000 Drachmai — were invalidated through punch cancellation rather than physical withdrawal, a practical measure given the disruption to normal banking infrastructure.

The ABNC printing origin matters here: these notes had been produced in New York before the occupation, part of a supply arrangement that became impossible to continue once Greece fell. Punch-cancelled survivors are common enough; uncancelled circulated examples from the occupation period are considerably harder to place with confidence.

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