GREECE SUFFERING
(6.30 p.m.) NEW YORK, June 17. As tile result o£ German occupation, Greece is suffering the worst monetary inflation in history, in addition to extreme starvation, reports the Cairo correspondent of the “New York Times.” '
The pound sterling, 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; a pair of shoes, 500,000; a loaf of bread, 2000.
Housewives carry tnoney in huge suitcases, One who recently bought a pound of meat found that the money she paid for it weighed more than the purchase.
Czechoslovak Notes Czechoslovak banknotes are being printed in Russia on behalf of the Czechoslovak Government for the use of the Red Army troops, according to an Agency message. The rate of exchange is being kept secret to prevent speculation. Before the war the rouble was quoted at 16 crowns in Prague. The Czechoslovak army in Russia is paid at the rate of sis. kots to the rouble. Tire notes are fully guaranteed by the Czechoslovak Government.
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Bibliographic details
Timaru Herald, Volume CLV, Issue 22922, 19 June 1944, Page 5
Word Count
177GREECE SUFFERING Timaru Herald, Volume CLV, Issue 22922, 19 June 1944, Page 5
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