1.000 Drachmai GRC Banknote (WWII Inflation Issue) 1970

1.000 Drachmai Drachma / Phoenix / Grosia (Issued 1970)

The 1.000 Drachmai banknote was withdrawn from circulation in 2002 when Greece transitioned to the Euro as its official currency. This note represents a critical period in Greek monetary history, issued during the post-war economic stabilisation period of 1970. The denomination reflects the inflationary pressures that Greece experienced following World War II, necessitating higher-value notes to facilitate commerce. Collectors and those seeking to exchange surviving examples of this currency will find this 1970 issue a significant artefact of twentieth-century Greek numismatic heritage.

On the front, a classical male portrait dominates the left side of the note, rendered in fine sepia and brown tones with intricate engraving lines creating depth and dimension across the bearded figure’s face and shoulders. The denomination 1000 appears in large numerals in the upper right corner and lower left corner, rendered in cream and brown tones with ornamental flourishes. The text “ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ” (Bank of Greece) and “ΔΡΑΧΜΑΙ” (Drachma) are printed across the upper centre in Greek characters using serif typography. A serial number sequence “36 B 338915” is visible in multiple locations. The note features sophisticated guilloché patterning throughout, with geometric designs providing security against counterfeiting. Delicate floral and leaf motifs frame the corners and edges, whilst vertical parallel line patterns create a continuous security background across the note’s surface. The overall colour palette transitions between cream, pale green, and warm brown tones.

The reverse displays a female portrait in the left portion, wearing traditional Greek dress including a headscarf, executed in the same fine engraving style with sepia tones and careful shading. The right side features an architectural landscape depicting a hillside Mediterranean settlement with traditional buildings stacked upon each other, rendered in soft sepia tones with fine line work to suggest depth and distance. The text “ΤΡΑΠΕΖΑ ΤΗΣ ΕΛΛΑΔΟΣ” appears across the top in Greek serif typeface, whilst “ΔΡΑΧΜΑΙ ΧΙΛΙΑΙ” (One Thousand Drachma) is positioned in the lower right. The denomination 1000 repeats in all four corners in cream and brown colouration. Ornamental borders featuring repeating floral and geometric patterns in red-brown, cream and yellow tones frame the entire composition. The engraving demonstrates museum-quality craftsmanship with fine linework throughout, particularly in the architectural rendering and portrait rendering.

Those holding this 1970 Greek Drachma note may wish to exchange it for current currency or add it to a collection of withdrawn European banknotes. Our UK-based currency exchange service accepts 1.000 Drachmai notes and offers competitive valuations for this historical denomination, providing a straightforward process for converting your Greek currency into pounds sterling.

If you have a 1.000 Drachmai banknote to exchange, Webuyallcurrency.com takes it as part of its leftover currency service, combining your Greek Drachmas banknotes with other world coins and banknotes in one easy payout.

• Indicate the quantity of 1.000 Drachmai Drachma / Phoenix / Grosia banknotes you want to exchange
• Click the ‘Add to your account’ button
• Your online account now shows the exchange value

Webuyallcurrency.com buys and exchanges foreign currency of every kind, so your Greek Drachmas banknotes — withdrawn or current — can be sold for cash together with the rest of your leftover coins and notes.