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100 000 Drachmai Agricultural Treasury Bond
| Issuer | Bank of Greece |
|---|---|
| Year | 1942 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | Pale blue and cream guilloche design overall, with an elaborate lathe-work border incorporating repeated ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ legends on all four sides. The large denomination numeral 100.000 is set within a cartouche of intricate geometric guilloche at centre. A red overprint reading ΧΡΩΜΑΤΟΣ appears vertically at lower left. The reverse is otherwise unadorned, relying entirely on the fine-line geometric patterns for its visual character. |
| Reverse lettering | ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ 100.000 ΧΡΩΜΑΤΟΣ |
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| Comments |
Greece's wartime occupation government issued Agricultural Treasury Bonds beginning in 1941 as a mechanism to absorb excess currency from the catastrophic hyperinflation triggered by Axis occupation costs. The occupying forces — Germany, Italy, and Bulgaria — compelled the Bank of Greece to finance their requisitions directly, flooding the country with drachmai. These bonds were one of several coercive instruments designed to pull that money back out of circulation, though with limited effect.
By late 1942, the drachma was in freefall. The 100,000 denomination, extraordinary by any prewar standard, had become almost routine arithmetic in daily transactions.