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100 000 Drachmai Agricultural Treasury Bond
| Issuer | Bank of Greece |
|---|---|
| Year | 1942 |
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| Shape | Rectangular |
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| Obverse description | Green on light green underprint. The issuer's name ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ appears in a cartouche at the top centre, below which the title ΤΑΜΕΙΑΚΟΝ ΓΡΑΜΜΑΤΙΟΝ is printed in bold Greek lettering. The large denomination numeral 100.000 with ΔΡΑΧΜΑΙ occupies the centre of the note, surrounded by a guilloche pattern, with a block of redemption text in Greek script below and two manuscript signatures over printed signature titles at lower left and right, with serial number AA 032796 in blue at centre bottom. |
|---|---|
| Obverse lettering | ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ ΤΑΜΕΙΑΚΟΝ ΓΡΑΜΜΑΤΙΟΝ ΕΙΣ ΤΟΝ ΚΟΜΙΣΤΗΝ ΔΙΑ ΤΗΝ ΣΥΓΚΕΝΤΡΩΣΙΝ ΤΩΝ ΑΓΡΟΤΙΚΩΝ ΠΡΟΙΟΝΤΩΝ 100.000 ΔΡΑΧΜΑΙ Ο ΔΙΟΙΚΗΤΗΣ ΟΙ ΔΙΕΥΘΥΝΤΑΙ ΕΝ ΑΘΗΝΑΙΣ ΤΗ 27 ΝΟΕΜΒΡΙΟΥ 1942 |
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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.