GREEK SUFFERING
DRACHMA GREATLY INFLATED MONEY CARRIED IN SUITCASES (Rec. 8 p.m.) -NEW YORK, June 17. As a result of German occupation, Greece is suffering the worst monetary inflation in history in addition to extreme starvation, reports the New York Times Cairo correspondent. The pound sterling, which was worth 90 drachma before the ’Axis invasion, is now worth 2,000,000 drachma. , Current prices in Athens are: A newspaper, 200,000 drachma; one cigarette, 20,000; a pair of shoes, 500,000,000; a loaf of bread, 2,000,000. Housewives carry their money in huge suitcases. One recently bought lib of meat and found that the money she paid for it weighed more than the purchase. ,
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19440619.2.33
Bibliographic details
Otago Daily Times, Issue 25565, 19 June 1944, Page 4
Word Count
109GREEK SUFFERING Otago Daily Times, Issue 25565, 19 June 1944, Page 4
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.