Catalog
20 000 Drachmai second issue, with date
| Issuer | Bank of Greece |
|---|---|
| Year | 1949 |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 20.000 Ζ.05- 394 820 ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ Βʹ ΔΡΑΧΜΑΙ ΕΙΚΟΣΙ ΧΙΛΙΑΔΕΣ Πληρωτέαι ἐπί τῇ ἐμφανίσει ΕΝ ΑΘΗΝΑΙΣ Τῌ 29η ΔΕΚΕΜΒΡΙΟΥ 1949 ΟΙ ΔΙΕΥΘΥΝΤΑΙ Ο ΔΙΟΙΚΗΤΗΣ Ζ.05- 394 820 20.000 |
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| Reverse lettering | ΕΚΔΟΣΙΣ ΔΕΥΤΕΡΑ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ ΔΡΑΧΜΑΙ ΕΙΚΟΣΙ ΧΙΛΙΑΔΕΣ 20.000 20.000 ΙΔΡΥΜΑ ΤΡΑΠΕΖΗΣ ΕΛΛΑΔΟΣ |
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| Comments |
Greece redenominated in November 1944, converting old drachmai at 50 billion to one new drachma — a ratio that makes plain how catastrophically the Axis occupation had destroyed the currency. By 1949, inflation had again pushed denominations into the tens of thousands, and this second issue of the 20,000 incorporates a printed date, distinguishing it from the first issue where the date field was left incomplete or applied separately.
The note was printed domestically at the Holargos facility, which had been established in 1947 specifically to bring Greek banknote production in-house after decades of reliance on foreign printers.