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25 000 Drachmai

Issuer Bank of Greece
Year 1943
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Shape Rectangular
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Obverse lettering 25.000 25.000 Αʹ Αʹ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ ΒΜ 551743 ΔΡΑΧΜΑΙ 25.000 ΕΙΚΟΣΙ ΠΕΝΤΕ ΔΡΑΧΜΑΙ ΠΛΗΡΩΤΕΑΙ ΕΠΙ ΤΗ. ΕΜΦΑΝΙΣΕΙ ΕΝ ΑΘΗΝΑΙΣ ΤΗ. 12η ΑΥΓΥΣΤΟΥ 1943 Ο ΔΙΟΙΚΗΤΗΣ Ο ΔΙΕΥΘΥΝΤΑΙ 25.000 25.000
(Translation: 25 000 First issue Bank of Greece VM 551743 25 000 Drachmai Twenty-five thousand drachmai Paid on appearance In Athens, on 12th August 1943 The Governor The Directors 25.000 25.000)
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Reverse lettering ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ 25.000 25.000 ΟΛΥΜΠΙΑ ΕΚΔΟΣΙΣ ΠΡΩΤΗ
(Translation: Bank of Greece 25000 25000 Olympia First issue)
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Comments

This note belongs to the extreme inflationary sequence Greece endured under Axis occupation, when the occupying powers — Germany, Italy, and Bulgaria — requisitioned Greek resources and forced the Bank of Greece to cover the resulting deficits by printing. The 1943 issues escalated rapidly in face value, and 25,000 drachmai, a sum that would have been unthinkable before the war, was already insufficient for basic transactions within months of issue.

Printed domestically under occupation conditions, the quality of production reflects the material constraints of the period. Greece's wartime hyperinflation ultimately required a currency reform in November 1944, at a conversion rate of 50 billion old drachmai to one new drachma.

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