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500 000 Drachmai Agricultural Treasury Bond
| Issuer | Bank of Greece |
|---|---|
| Year | 1942 |
| Type | Log in to see details |
| Value | 500 000 Drachmai (500 000) |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ ΤΑΜΕΙΑΚΟΝ ΓΡΑΜΜΑΤΙΟΝ ΕΙΣ ΤΟΝ ΚΟΜΙΣΤΗΝ ΔΙΑ ΤΗΝ ΣΥΓΚΕΝΤΡΩΣΙΝ ΤΩΝ ΑΓΡΟΤΙΚΩΝ ΠΡΟΙΟΝΤΩΝ 500,000 ΔΡΑΧΜΑΙ Ο ΔΙΟΙΚΗΤΗΣ ΟΙ ΔΙΕΥΘΥΝΤΑΙ ΕΝ ΑΘΗΝΑΙΣ ΤΗ 27 ΝΟΕΜΒΡΙΟΥ 1942 |
| Reverse description | Log in to see details |
| Reverse lettering | ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ 500.000 |
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| Comments |
Greece's wartime occupation authorities — the Axis-installed puppet government — financed the Wehrmacht's local supply needs in part by forcing the Bank of Greece to print at extraordinary volumes. By 1942, inflation was accelerating toward the hyperinflationary collapse that would peak in late 1944, when the drachma effectively ceased to function as a currency. This bond-format denomination, technically classed as an agricultural treasury instrument, reflects the administrative fiction of treating emergency inflationary paper as structured debt rather than outright money creation.
The "Agricultural" designation linked these issues nominally to rural credit programs, but in practice the distinction between bond and banknote had collapsed entirely by this stage of the occupation.