Greece's postwar coinage reconstruction was complicated by a 1944 currency collapse so complete that the drachma was reissued at a ratio of 50 billion old drachmas to one new — making continuity of any numismatic series nearly impossible. This Paul I drachma belongs to the stabilized currency that followed, issued under a monarchy that would itself be abolished by referendum in 1974.
Greece's postwar coinage reconstruction was complicated by a 1944 currency collapse so complete that the drachma was reissued at a ratio of 50 billion old drachmas to one new — making continuity of any numismatic series nearly impossible. This Paul I drachma belongs to the stabilized currency that followed, issued under a monarchy that would itself be abolished by referendum in 1974.