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5 Dracme Italian occupation

Uitgever Cassa Mediterranea di Credito per la Grecia
Jaar 1941
Type Local banknote
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Beschrijving voorzijde Left vignette presents an intaglio-engraved bust of Alexander the Great in three-quarter view, rendered in classical sculptural style against a guilloche underprint. To the right, the denomination "5" appears in large numerals within a fine-line rosette background, flanked by bilingual text in Italian and Greek. The note is framed by a decorative foliate border with palmette motifs repeated along all four edges.
Opschrift voorzijde BIGLIETTO A CORSO LEGALE PER LE ISOLE JONIE / ΧΑΡΤΟΝΟΜΙΣΜΑ ΕΧΟΝ ΝΟΜΙΜΟΝ ΚΥΚΛΟΦΟΡΙΑΝ ΕΝ ΤΑΙΣ ΙΟΝΙΟΙΣ ΝΗΣΟΙΣ / DRACME 5 ΔΡΑΧΜΑΙ / IL TESORIERE / 5
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Opmerkingen

The Cassa Mediterranea di Credito per la Grecia was a puppet financial institution established by the Italian occupation authorities in 1941 specifically to manage currency in occupied Greece — a parallel banking structure designed to extract resources while insulating the Italian lira from the inflationary consequences of occupation spending. Notes issued through it were legal tender in the occupied zone but had no backing and no convertibility worth speaking of.

At 80 × 51 mm, this is among the smallest denominations in the Cassa Mediterranea series, and the low face value made it a workhorse of everyday transactions during a period of catastrophic hyperinflation. Greece's wartime inflation became one of the worst in recorded history; by 1944, a single gold sovereign was trading for billions of drachmai.

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