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| 正面铭文 | ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ ΔΡΑΧΜΑΙ ΠΕΝΤΗΚΟΝΤΑ ΠΛΗΡΩΤΕΑΙ ΕΠΙ ΤΗ ΕΜΦΑΝΙΣΕΙ ΕΝ ΑΘΗΝΑΙΣ ΤΗ 9° ΝΟΕΜΒΡΙΟΣ 1944 Ο ΔΙΟΙΚΗΤΗΣ ΟΙ ΔΙΕΥΘΥΝΤΑΙ |
| 背面描述 | Brown on light grey underprint, with a central vignette of a phoenix rising from flames, wings spread wide and head raised, set within a radiating sunburst guilloche. The denomination numeral '50' appears in large format within ornate guilloche panels at left and right. The bank title ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ is inscribed at the top, and the inscription ΕΚΔΟΣΙΣ ΤΕΤΑΡΤΗ (Fourth Issue) appears at the bottom center. |
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This note belongs to the hyperinflationary collapse of the Axis occupation period, when the Greek money supply was being expanded to fund occupation costs — by late 1944, the drachma had become essentially worthless, with the exchange rate against the Reichsmark spiraling beyond any rational calculation. The Bank of Greece was compelled to issue denominations in rapid succession, each one obsolete almost before it reached circulation.
Post-liberation, the November 1944 currency reform wiped out holders: new drachmai were exchanged at 50 billion old to one. This 50-drachmai note, worth a fraction of a pfennig at collapse, was among the lower denominations still in nominal use during the final months.