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100 Drachmai Italian occupation
| Issuer | Cassa Mediterranea di Credito per la Grecia |
|---|---|
| Year | 1941 |
| Type | Log in to see details |
| Value | 100 Drachmai (100 δρᾰχμαί) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
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| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | BIGLIETTO A CORSO LEGALE PER LE ISOLE JONIE ΧΑΡΤΟΝΟΜΙΣΜΑ ΕΧΟΝ ΝΟΜΙΜΟΝ ΚΥΚΛΟΦΟΡΙΑΝ ΕΝ ΤΑΙΣ ΙΟΝΙΟΙΣ ΝΗΣΟΙΣ DRACME 100 ΔΡΑΧΜΑΙ IL TESORIERE 100 |
| Reverse description | Log in to see details |
| Reverse lettering | 100 |
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| Comments |
The Cassa Mediterranea di Credito per la Grecia was a purpose-built occupation instrument — one of several Axis "Mediterranean Credit Banks" established to extract resources from occupied territories while insulating the German and Italian economies from inflationary blowback. Notes issued under this authority were legal tender in occupied Greece but could not be repatriated to Italy, a deliberate asymmetry that transferred inflation risk entirely onto the Greek population.
The practical result was catastrophic. Combined with requisitioning and currency manipulation, these notes fed one of the worst hyperinflations of the twentieth century — by late 1944, a single gold sovereign traded for billions of drachmai.