Greece Hyperinflation Banknotes

invisible

invisible

5,000,000 Drachmai 1944

Front
Enlarge

Back
Enlarge

invisible

100,000,000,000 Drachmai, 1944

Front
Enlarge

Back
Enlarge

This note is not in my collection. Scans courtesy of Ron Wise

Back to Hyperinflation Banknotes

Greece went through a period of hyperinflation, starting with the German-Italian occupation in WWII and up until early 1950s. The highest denomination before 1941 was 5,000 Drachmai. By late 1944, it was 100,000,000,000 Drachmai. In two subsequent currency reforms, 1 Drachma was exchanged for 50,000,000,000 old Drachmai (1944), and 1 Drachma for 1,000 old Drachma (1954). The overall impact of hyperinflation: 1 (1954) Drachma = 50,000,000,000,000 pre 1944 Drachmai.

invisible

Top of Page

invisible