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I assume that you are referring to a 5,000,000 Drachmai note from Greece (the first letter, called "delta" in greek, looks a little like an "a" in some fonts).
The Greek Drachma is no longer in use, having been supplanted by the Euro in January 2002 at a rate of 340.75 drachma to the euro.
My guess is that your note dates to 1941-1944, which was an era of hyper-inflation in Greece (and the only time a bill over 50,000 drachma was issued).
In 1944, the drachma was revalued at 50,000,000,000 to 1, and in 1953 again by 1000 to 1. That would mean that your 5,000,000 drachma bill, were it exchangable (and I seriously suspect it was long ago demonetized) would be worth 1/10,000,000 of a 2002 drachma, or about 1/3 of a billionth of a euro (this is effectively zero).
As for a value to collectors, that would largely depend on the condition of the bill and the rarity of the particular bill issue in question.
*****Not wanting to delete the historical information above, this note books for about $3 in perfect uncirculated condition - so would be an interesting conversation piece to hold onto.
You are referring not to "apaxmai" but to Greek "ΔΡΑΧΜΑΙ" (pronounced "Drachmai" in English). The drachmai is no longer in use, having been replaced by the Euro on January 1, 2002. At that time, the rate was pegged at 1 Drachma = 0.00293 Euro, so 500,000 would be equal to 1,465 Euro (US$2,073.40 at the exchange rate of January 22, 2010). Note, however, that Drachmai bills are only redeemable for Euros until January 3, 2012, and Drachmai coins are no longer redeemable into Euros at all.
Note further that this assumes you are referring to the "third" drachma, in use from 1954 onward. The "second" drachma (1944-1954) was exchanged for the third at a rate of 1000 to 1, and the "first" was exchanged for the second in 1944 at a rate of 50,000,000,000 to 1. Thus 500,000 "second" drachmai are worth about 1.46 Euros, and 500,000 "first" drachmai are, for exchange rate purposes, worthless.
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