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1000 Drachmai

Issuer Kingdom of Greece (Ministry of Finance)
Year 1950-1953
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Value 1000 Drachmai (1000 δρᾰχμαί)
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Obverse lettering ΒΑΣΙΛΕΙΟΝ ΤΗΣ ΕΛΛΑΔΟΣ 1000 ΔΡΑΧΜΑΙ ΧΙΛΙΑΙ Πληρωτέαι ἐπὶ τῇ ἐμφανίσει ΕΝ ΑΘΗΝΑΙΣ Τῌ 10η ΙΟΥΛΙΟΥ 1950 Ο ΥΠΟΥΡΓΟΣ ΤΩΝ ΟΙΚΟΝΟΜΙΚΩΝ 1000 1000
(Translation: Kingdom of Greece 1000 One thousand drachmai Paid on appearance In Athens, 10th July 1950 Minister for Finance (signature of Giorgos Kartalis) 1000 1000)
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Protection description Text `ΒΑΣΙΛΕΙΟΝ ΤΗΣ ΕΛΛΑΔΟΣ` (Kingdom of Greece).
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Comments

Greece's postwar monetary situation was dire enough that the government bypassed the Bank of Greece entirely for this series — issuing notes directly through the Ministry of Finance, an unusual arrangement reflecting how thoroughly the German occupation and subsequent civil war had compromised normal institutional authority. The 1944 hyperinflation had been catastrophic, requiring a redenomination at 50 billion old drachmai to one new drachma, and public confidence in paper currency remained fragile well into the early 1950s.

The state printing facility at Holargos — established in 1947 — handled production domestically, a deliberate move toward self-sufficiency after years of dependence on foreign printers.

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