100 000 Drachmai Agricultural Treasury Bond, second issue

Greece's occupation-era finances were managed through a deliberately fractured system — the Axis authorities allowed the Bank of Greece to continue issuing notes but stripped it of any real monetary control. Agricultural Treasury Bonds like this one were a parallel instrument, nominally tied to agricultural credit but functionally a device for absorbing the catastrophic hyperinflation then consuming the drachma. By 1943, prices were doubling within days.

The "second issue" designation matters here. The first issue of the 100,000 Drachmai bond was rendered nearly worthless almost immediately upon release — not over months, but weeks — forcing a rapid follow-on emission. The denomination itself, unthinkable in peacetime Greece, had become routine by mid-occupation.