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100 000 000 Drachmai Corfu

Issuer Bank of Greece, Corfu Branch (Τράπεζα της Ελλάδος, Υποκατάστημα Κερκύρας)
Year 1944
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Reference(s) P#156
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Obverse lettering ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ
ΥΠΟΚΑΤΑΣΤΗΜΑ ΚΕΡΚΥΡΑΣ
ΤΑΜΙΑΚΟΝ ΓΡΑΜΜΑΤΙΟΝ
ΔΡΑΧΜΩΝ
ΕΚΑΤΟΝ 100 ΕΚΑΤΟΜΜΥΡΙΩΝ
ΕΚΔΟΘΕΝ ΒΑΣΕΙ ΤΟΥ ΥΠ ΑΡΙΘ. 24 ΤΗΣ 17ΗΣ ΟΚΤΩΒΡΙΟΥ 1944 ΚΥΒΕΡΝΗΤΙΚΟΥ
Δ/ΤΟΣ ΚΑΙ ΑΝΤΑΛΛΑΚΤΕΟΝ ΔΙΑ ΤΡΑΠΕΖΟΓΡΑΜΜΑΤΙΩΝ ΤΗΣ ΤΡΑΠΕΖΗΣ ΕΛΛΑΔΟΣ
ΕΝ ΚΕΡΚΥΡΑ ΤΗ 17Η ΟΚΤΩΒΡΙΟΥ 1944
ΔΙΑ ΤΟΝ ΚΥΒΕΡΝΗΤΙΚΟΝ ΕΠΙΤΡΟΠΟΝ
ΔΙΑ ΤΗΝ ΤΡΑΠΕΖΑΝ ΕΛΛΑΔΟΣ
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Reverse lettering ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ
ΥΠΟΚΑΤΑΣΤΗΜΑ ΚΕΡΚΥΡΑΣ
ΤΑΜΙΑΚΟΝ ΓΡΑΜΜΑΤΙΟΝ
ΔΡΑΧΜΩΝ 100 ΕΚΑΤΟΝ
ΕΚΑΤΟΜΜΥΡΙΩΝ
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Comments

Greece's hyperinflation of 1943–44 was among the worst the twentieth century produced. The occupation authorities — German, Italian, and Bulgarian — financed their operations by forcing the Bank of Greece to print, and the drachma collapsed accordingly. By late 1944, denominations that would have been unimaginable five years earlier were routine instruments of daily trade.

The Corfu branch issue is the telling detail here. Regional branches of the Bank of Greece were authorized to overstamp or separately issue notes as logistical conditions demanded — Corfu's geographic isolation as an Ionian island made central supply unreliable. This branch provenance is what distinguishes P#156 from the Athens-issued notes of the same denomination and period.

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