50 Drachmai cancellation of P#104

This note is not a distinct issue but a recycled one: P#104 — the 50 Drachmai dating to 1935 — was officially cancelled and reissued by the Bank of Greece in 1941 to address the acute cash shortage that followed the Axis occupation of Greece. The occupying forces' systematic extraction of resources had already begun destabilizing the currency supply before the great hyperinflation of 1943–1944 made such stopgap measures irrelevant.

Cancellation overprints of this kind are administratively mundane but historically pointed — they mark the exact moment the bank lost meaningful control over monetary conditions.