50 Dracme Italian occupation

The Cassa Mediterranea di Credito per la Grecia was not a bank in any meaningful sense — it was an Italian military finance instrument, established by Mussolini's government in 1941 specifically to extract resources from occupied Greece without triggering the legal complications of using official lire. Notes issued under this authority circulated alongside a collapsing Greek economy already being stripped by Axis requisitioning, contributing directly to the hyperinflationary spiral that by 1944 had rendered all such occupation currency worthless.

Printed by the Istituto Poligrafico e Zecca dello Stato — Italy's state printing works and mint — the production quality is noticeably higher than the economy it served.