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Greece Hyperinflation Banknotes

 

5,000,000 Drachmai 1944

5,000,000 Drachmai 1944 front
5,000,000 Drachmai 1944 back

Enlarge: Front5,000,000 Drachmai 1944 front
 & Back5,000,000 Drachmai 1944 back

 

100,000,000,000 Drachmai, 1944

100,000,000,000 Drachmai 1944 front
100,000,000,000 Drachmai 1944 back

Enlarge: Front100,000,000,000 Drachmai 1944 front
 & Back100,000,000,000 Drachmai 1944 back

 

Courtesy 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.

 

 

 

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