Catalog
50 000 Drachmai
| Issuer | Bank of Greece |
|---|---|
| Year | 1950 |
| Type | Log in to see details |
| Value | 50 000 Drachmai (50 000 δρᾰχμαί) (50 000) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 50.000 50.000 Αʹ Αʹ ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ ΔΡΑΧΜΑΙ ΠΕΝΤΗΚΟΝΤΑ ΧΙΛΙΑΔΕΣ `Εν Άθήναις τῇ 1ῃ Δεκεμβρίου 1950 ΟΙ ΔΙΕΥΘΥΝΤΑΙ Ο ΔΙΟΙΚΗΤΗΣ 50.000 |
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| Protection description | Head of Apollo. |
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| Comments |
By 1950, Greece had already endured one of the worst hyperinflationary collapses in modern history — the 1941–1944 occupation period saw prices rise by a factor of roughly 163 billion, ultimately requiring a 1944 redenomination that lopped eleven zeros off the currency. This 50,000-drachmai note belongs to the post-civil-war stabilization period, when the Bank of Greece was still issuing high-denomination paper to meet demand left over from years of monetary destruction and the brutal civil war that followed liberation.
Printed domestically at the Holargos facility rather than contracted abroad — unusual for Greek issues of the period — which reflects efforts to rebuild sovereign printing capacity after the occupation.