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5000 Drachmai Italian Occupation

Uitgever Cassa Mediterranea di Credito per la Grecia
Jaar 1941
Type Standard circulation banknote
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Opschrift voorzijde BIGLIETTO A CORSO LEGALE PER LE ISOLE JONIE
ΧΑΡΤΟΝΟΜΙΣΜΑ ΕΧΟΝ ΝΟΜΙΜΟΝ ΚΥΚΛΟΦΟΡΙΑΝ ΕΝ ΤΑΙΣ ΙΟΝΙΟΙΣ ΝΗΣΟΙΣ
DRACME 5000 ΔΡΑΧΜΑΙ
IL TESORIERE
Beschrijving keerzijde The reverse is divided into a grid of intaglio vignettes drawn from classical Ionian mythology and maritime tradition: a top row of five relief-style panels shows, from left to right, a horseman, a seated figure with a goose, an ancient sailing vessel, a lyre-playing figure, and a group with a child; the lower register features a larger central landscape vignette of a Greek sailing boat on calm coastal waters beneath an olive tree, flanked by a panel of a reclining Triton at left and a trident symbol at right. The labels ISOLE and JONIE appear beneath the flanking panels, and the denomination ΔΡΑΧΜΑΙ 5000 DRACME is set in a bold letterpress banner across the bottom.
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Opmerkingen

The Cassa Mediterranea di Credito per la Grecia was a parallel currency mechanism created by Italian occupation authorities in 1941 specifically to extract resources from Greece without drawing on Italian lire reserves. It was not a bank in any functional sense — it issued occupation currency that Greeks were compelled to accept, while the occupiers used it to pay requisitions at rates they set themselves.

Greece suffered one of the worst hyperinflationary collapses of the war years as a direct consequence of this arrangement. By late 1944, the drachma had become functionally worthless. The 5000 denomination, enormous by 1941 standards, was already insufficient before the series had finished circulating.

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