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1000 Drachmai 1935 Punch Holes 1941

Issuer Bank of Greece
Year 1941
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Value 1000 Drachmai
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Reverse description Central allegorical vignette of a woman in traditional Greek national costume seated between two male workers — a shipwright at left with a harbour and vessel in the background, and a mechanic at right with a locomotive — symbolising industry and commerce. The composition is framed by oak-leaf garlands and decorative columns in a multicolour intaglio and letterpress print. The bank title appears in a panel at top centre, with the denomination in bold blue type at right and the legend ΕΚΔΟΣΙΣ ΠΡΩΤΗ repeated in the lower corners; six cancellation punch holes are present.
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Protection description Old man's portrait watermark
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Comments

When the Axis occupied Greece in April 1941, existing banknotes were formally cancelled through punch-hole invalidation rather than withdrawal — a practical measure given the near-total collapse of the distribution infrastructure. This particular 1935-dated note was printed by the Banque de France and remained in official inventory when the occupation began; the punch holes mark its removal from circulation under the collaborationist administration rather than by any act of the legitimate Greek government.

Sébastien Laurent's design had already been in service for six years by that point, and the 1000 Drachmai denomination would soon be dwarfed into irrelevance by the hyperinflation that followed — by 1944, the occupying authorities were issuing notes denominated in the billions.

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