Catalog
1000 Drachmai
| Issuer | Bank of Greece |
|---|---|
| Year | 1941 |
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| Composition | Paper |
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| Obverse lettering | 1000 1000 ΑΛΕΞΑΝΔΡΟΥ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ 1000 ΔΡΑΧΜΑΙ ΧΙΛΙΑΙ ΠΛΗΡΩΤΕΑΙ ΕΠΙ ΤΗ ΕΜΦΑΝΙΣΕΙ ΕΝ ΑΘΗΝΑΙΣ ΤΗ 1η ΟΚΤΩΒΡΙΟΥ 1941 Ο ΔΙΟΙΚΗΤΗΣ Ο ΔΙΕΥΘΥΝΤΗΣ 1000 1000 |
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| Reverse lettering | ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ 1000 1000 ΚΑΤΑΡΡΑΚΤΑΙ ΕΔΕΣΣΗΣ ΕΚΔΟΣΙΣ ΤΡΙΤΗ |
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| Comments |
Greece's occupation-era currency collapsed under hyperinflation so severe that by late 1944 a single gold sovereign cost billions of drachmai. This note, though dated 1941, was printed in April 1945 — well after liberation — specifically because the immediate postwar monetary system had not yet stabilized and wartime denominations were still being pressed into service while a proper reform was negotiated.
The 1944 currency reform eventually replaced these at a rate of 50 billion old drachmai to one new drachma, one of the most extreme redenominations of the twentieth century.