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1000 Drachmes
| Issuer | Bank of Greece |
|---|---|
| Year | 1987 |
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| Printer | Bank of Greece Printing Works (Ίδρυμα Εκτυπώσεως Τραπεζογραμματίων και Αξιών / Idryma Ektiposeos Trapezogrammation kai Axion), Holargos, Greece |
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|---|---|
| Obverse lettering | ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ 1000 ΔΡΑΧΜΕΣ ΧΙΛΙΕΣ ΠΛΗΡΩΤΕΕΣ ΜΕ ΤΗΝ ΕΜΦΑΝΙΣΗ ΑΘΗΝΑ 1 ΙΟΥΛΙΟΥ 1987 Ο ΔΙΕΥΘΥΝΤΗΣ Ο ΔΙΟΙΚΗΤΗΣ Γ Α ΑΠΟΛΛΩΝ ΟΛΥΜΠΙΑ 1000 1000 (Translation: Bank of Greece 1000 One thousand drachmes Paid on appearance Athens, 1 July 1987 Manager (signature of Charal. Skouras) Governor (signature of Dimitrios Chalikias) G A Apollon of Olympia 1000 1000) |
| Reverse description | Brown intaglio print on multicolour underprint. At left, a vignette of the Discobolus (discus thrower) attributed to Myron of Eleutherae; at centre, a view of the Temple of Hera at Ancient Olympia. Denomination numerals appear at left and right margins within guilloche borders. |
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| Comments |
By 1987, Greek inflation had been running at double digits for over a decade, and the 1000 drachma note had correspondingly lost most of its purchasing power — what was a significant denomination in the 1950s was grocery-run money by the late 1980s. The entire series this note belongs to was printed in-house at Holargos, a deliberate policy shift toward self-sufficiency in currency production that the Bank of Greece had pursued since the mid-1970s.
The engraving credits here are unusually detailed for a Greek issue of this period, with three named hands across the two faces — Angelopoulos on the obverse, and the husband-and-wife team of Ioannis and Eleonora Perraki-Pipinis sharing the reverse work.