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500 000 Drachmai

Uitgever Bank of Greece
Jaar 1944
Type Standard circulation banknote
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Beschrijving keerzijde The reverse is dominated by a large central oval guilloche medallion enclosing the numeral '500,000' in bold figures, set against an intricate engine-turned lathe-work ground of green and olive tones. The bank title 'ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ' runs along the top, while the denomination '500,000' is also repeated in the side margins. The legend 'ΕΚΔΟΣΙΣ ΠΡΩΤΗ' (First Issue) appears at the bottom center.
Opschrift keerzijde ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ
500,000
ΕΚΔΟΣΙΣ ΠΡΩΤΗ
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Opmerkingen

Greece's 1944 hyperinflation was among the most severe of the Second World War. By the time this note was issued, the occupying Axis powers had effectively stripped the country's foreign currency reserves and forced the Bank of Greece to print its way through the occupation's fiscal demands. The drachma had collapsed so completely that even this 500,000-unit denomination was inadequate for routine transactions within weeks of issue.

The November 1944 currency reform replaced the entire wartime drachma series at a rate of 50 billion old drachmai to one new drachma — a ratio that measures the scale of destruction more precisely than any description could.

MISSCHIEN OOK INTERESSANT