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20 Drachmai
| Issuer | Kingdom of Greece |
|---|---|
| Year | 1944 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | ΒΑΣΙΛΕΙΟΝ ΤΗΣ ΕΛΛΑΔΟΣ 20 ΔΡΑΧΜΑΙ ΕΙΚΟΣΙ ΖΕΥΣ ΠΛΗΡΩΤΕΑΙ ΕΠΙ ΤΗ. ΕΜΦΑΝΙΣΕΙ ΕΝ ΑΘΗΝΑΙΣ ΤΗ. 9η ΝΟΕΜΒΡΙΟΥ 1944 Ο ΥΠΟΥΡΓΟΣ ΤΩΝ ΟΙΚΟΝΟΜΙΚΩΝ 20 ΔΡΑΧΜΑΙ ΕΙΚΟΣΙ (Translation: Kingdom of Greece 20 Twenty drachmai Zeus Paid on appearance in Athens on the 9th of November 1944 The minister of finance 20 Twenty drachmai) |
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| Reverse lettering | ΒΑΣΙΛΕΙΟΝ ΤΗΣ ΕΛΛΑΔΟΣ 20 20 ΔΡΑΧΜΑΙ ΕΙΚΟΣΙ (Translation: Kingdom of Greece 20 20 Twenty drachmai) |
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| Comments |
Greece in 1944 was operating under Axis occupation, and the collaborationist government issued notes like this one under conditions of catastrophic hyperinflation — one of the worst episodes in modern monetary history. By late 1944, the drachma had essentially ceased to function as a unit of exchange; prices were quoted in billions, and notes were often worth more as fuel than currency.
The 20 Drachmai denomination was obsolete almost the moment it was printed.