Misplaced Pages

Drachma: Difference between revisions

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Browse history interactively← Previous editContent deleted Content addedVisualWikitext
Revision as of 21:37, 22 November 2021 editRootOfAllLight (talk | contribs)Extended confirmed users4,325 edits In popular culture← Previous edit Latest revision as of 16:38, 27 February 2024 edit undoDuckmather (talk | contribs)Extended confirmed users9,339 edits adding {{wiktionary}}Tag: Visual edit 
(34 intermediate revisions by 25 users not shown)
Line 1: Line 1:
{{Wiktionary|2=δραχμή}}
{{Short description|Former currency of Greece}}{{redirect|Drachma|the moth genus|Drachma (moth)}}
{{Use dmy dates|date=April 2021}}


'''Drachma''' may refer to:
{{Special characters}}


*], an ancient Greek currency
The '''drachma''' ({{lang-el|]}} {{IPA-el|ðraxˈmi|md}}, {{IPA-el|drakʰmέː|a}};{{refn|group=n|{{IPA-el|draːkʰmέː|}} is also attested.<ref name=LSJdrachme/>}} pl. ''drachmae'' or ''drachmas'') was the ] used in ] during several periods in its history:
*], a modern Greek currency
# An ] currency unit issued by many ] during a period of ten centuries, from the ] throughout the ], the ] up to the ] under ].
*Cretan drachma, currency of the ]
# Three ] currencies, the first introduced in 1832 by the Greek ] ({{Lang|el|Όθων}}) and the last replaced by the ] in 2001 (at the rate of 340.75 drachmae to the euro). The euro did not begin circulating until 2001 but the exchange rate was fixed on 19 June 2000, with legal introduction of the euro taking place in January 2002.{{citation needed|date=January 2020}}
*], a moth genus

It was also a ].<ref name=LSJdrachme>{{LSJ|draxmh/|δραχμή|ref}}.</ref>

==Ancient drachma==

{{multiple image
| direction = vertical
| align = right
| width = 210
| header = Drachma in the Greek world
| footer =
| image1 = Obol-vert-3.jpg
| alt1 =
| caption1 = Above: Six rod-shaped obeloi (oboloi) displayed at the ], discovered at ]. Below: grasp{{refn|group=n|{{lang|grc|δράσσομαι}}, ''drassomai'', "grasp"; ]: {{LSJ|dra/c|δράξ}}, ''drax'', and ''drachma'' itself, i.e. "grasp with the hand".<ref name=LSJdrachme/><ref name=LSJdrassomai>{{LSJ|dra/ssomai|δράσσομαι|shortref}}.</ref>}} of six oboloi forming one drachma.
| image2 = Athens 545-510 BC Didrachm.jpg
| caption2 = Athenian silver ] of ''"heraldic type"'' from the time of ], 545–510 BC. Obverse: Four-spoked wheel. Reverse: Incuse square, divided diagonally.
| alt2 =
| image3 = BMC 193.jpg
| caption3 = Greek ] of Aegina. Obverse: Land ] / Reverse: {{lang|grc|ΑΙΓ(INA)}} and dolphin. The oldest Aegina chelone coins depicted sea turtles and were minted ca. .
| image4 = Massalia-21.jpg
| caption4 = Silver tetrobol (4/6 of drachma) from ]. Obverse: ] wearing stephane. Reverse: ΜΑΣΣΑ (of Massalians), lion standing right.
| image5 = Olympia-02.jpg
| caption5 = Tetradrachm from ]. 105th ], 360 BC. Obverse: Head of Zeus. Reverse: The nymph Olympia, inscription: ΟΛΥΜΠΙΑ.
| image6 = Philip III Arrhidaios.jpg
| caption6 = Silver Drachma of ], minted at ]. Obverse: Head of Herakles. Reverse: Zeus Aëtophoros.
}}

The name ''drachma'' is derived from the verb {{lang|grc|δράσσομαι}} ({{Lang|grc-Latn|drássomai}}, "(I) grasp").{{refn|group=n|"As much as one can hold in the hand".<ref name=LSJdrachme/><ref name=LSJdrassomai/>}} It is believed that the same word with the meaning of "handful" or "handle" is found in ] tablets of the ] ].<ref>{{cite journal|url=http://www.deepdyve.com/lp/de-gruyter/two-new-linear-b-documents-from-bronze-age-pylos-rg10tOlmDC |last1=Shelmerdine|first1=Cynthia W.|author-link1=Cynthia W. Shelmerdine|last2=Bennet|first2=John|title=Two Linear B documents from Bronze Age Pylos|journal=Kadmos|volume=34 | issue = 2 |date=1 January 1995|doi=10.1515/kadm.1995.34.2.123|s2cid=161844846}}</ref>{{refn|group=n|The word, whose meaning and translation is still uncertain, is {{lang|gmy|𐀈𐀏𐀔}}, ''do-ka-ma'' or {{lang|gmy|𐀈𐀏𐀔𐀂}}, ''do-ka-ma-i'', found on the ] An 1282 and PY Wr 1480 tablets.<ref>{{cite web|title=PY 1282 An (Ciii)|url=https://www2.hf.uio.no/damos/Index/item/chosen_item_id/4362}}{{citation|chapter=PY 1480 Wr (unknown)|title=DĀMOS: Database of Mycenaean at Oslo|url=https://www2.hf.uio.no/damos/index/about|chapter-url=https://www2.hf.uio.no/damos/Index/item/chosen_item_id/5088|publisher=]}}.</ref><ref>{{cite web|last=Raymoure|first=K.A.|url=http://minoan.deaditerranean.com/resources/linear-b-sign-groups/do/do-ka-ma-i/|title=do-ka-ma-i| work=Minoan Linear A & Mycenaean Linear B | publisher=Deaditerranean}}</ref>}} Initially a drachma was a fistful (a "grasp") of six ] (metal sticks, literally "]") used as a form of currency as early as 1100&nbsp;BC and being a form of "bullion": bronze, copper, or iron ingots denominated by weight. A ] of over 150 rod-shaped obeloi was uncovered at ] in ]. Six of them are displayed at the ].

It was the standard unit of silver coinage at most ancient Greek mints, and the name ''obol'' was used to describe a coin that was one-sixth of a drachma. The notion that ''drachma'' derived from the word for fistful was recorded by ] (387–312&nbsp;BC) who was informed by the priests of Heraion that ], king of Argos, dedicated rod-shaped obeloi to Heraion. Similar information about Pheidon's obeloi was also recorded at the ].

] normally had distinctive names in daily use. The Athenian ] was called ],<ref>]: Scholion to Aristophanes, Birds 1106</ref> the ] was called ], the Corinthian ] was called ''hippos'' (]) and so on. Each city would mint its own and have them stamped with recognizable ], known as ] in numismatics, along with suitable inscriptions, and they would often be referred to either by the name of the city or of the image depicted. The exact exchange value of each was determined by the quantity and quality of the metal, which reflected on the reputation of each mint.

Among the Greek cities that used the drachma were: ], ], ], ], ], ], ], ], ], ], ], ], ], ], ], ], ], ], ], ], ], ], ], ], ], ], ] and more.

The 5th century BC ] tetradrachm ("four drachmae") ] was perhaps the most widely used coin in the Greek world prior to the time of ] (along with the ]ian ]). It featured the helmeted profile bust of ] on the obverse (front) and an owl on the reverse (back). In daily use they were called {{lang|grc|γλαῦκες}} ''glaukes'' (owls),<ref>{{LSJ|glau/c|γλαύξ|shortref}}.</ref> hence ] {{lang|grc|Γλαῦκ' Ἀθήναζε}}, 'an owl to Athens', referring to something that was in plentiful supply, like ']'. The reverse is featured on the national side of the modern ].

Drachmae were minted on different weight standards at different Greek mints. The standard that came to be most commonly used was the Athenian or Attic one, which weighed a little over 4.3&nbsp;grams.

After Alexander's conquests, the name ''drachma'' was used in many of the ] kingdoms in the ], including the ] kingdom in ] and the ] based in what is modern-day ]. The ] unit of currency known as '']'' ({{lang-ar|درهم}}), known from pre-]ic times and afterwards, inherited its name from the drachma or ] ({{lang|grc|δίδραχμον}}, 2 drachmae); the dirham is still the name of the official currencies of ] and the ]. The ] ({{lang-hy|Դրամ}}) also derives its name from the drachma.

===Value===

It is difficult to estimate comparative exchange rates with modern currency because the range of products produced by economies of centuries gone by were different from today, which makes ] calculations very difficult; however, some historians and economists have estimated that in the 5th century BC a drachma had a rough value of 25 ] (in the year 1990 – equivalent to US$46.50 in 2015<ref>{{Cite web|url=https://westegg.com/inflation/|archive-url=https://web.archive.org/web/20070701031852/http://www.westegg.com/inflation/|url-status=dead|title=The Inflation Calculator|archive-date=1 July 2007|website=westegg.com}}</ref>), whereas classical historians regularly say that in the heyday of ancient Greece (the fifth and fourth centuries) the daily wage for a skilled worker or a ]<ref>], '']'' .</ref> was one drachma, and for a ] (juror) half a drachma since 425&nbsp;BC.<ref>It was originally set at 1/6 drachma by Pericles, until ] raised it in 425&nbsp;BC; see also ], ''Knights'' (line 255) and ''Wasps'' (line 609, 684, 690, 788–790, 1121).</ref>

Modern commentators derived from ]<ref>Cf. footnote 18 of H. G. Dakyns's translation of (''The Works of Xenophon'', Macmillan, 1897). This footnote is quoting George Grote (''Plato, and the Other Companions of Sokrates'', vol. 3, J. Murray, 1865, p.).</ref> that half a drachma per day (360 days per year) would provide "a comfortable subsistence" for "the poor citizens" (for the head of a household in 355&nbsp;BC). Earlier in 422&nbsp;BC, we also see in Aristophanes (''Wasps'', line 300–302) that the daily half-drachma of a juror is just enough for the daily subsistence of a family of three.

A modern person might think of one drachma as the rough equivalent of a skilled worker's daily pay in the place where they live, which could be as low as US$1, or as high as $100, depending on the country.

Fractions and multiples of the drachma were minted by many states, most notably in ], which minted large coins in gold, silver and bronze.

Notable Ptolemaic coins included the gold ''pentadrachm'' and ''octadrachm'', and silver ''tetradrachm'', ''decadrachm'' and ''pentakaidecadrachm''. This was especially noteworthy as it would not be until the introduction of the ] in 1486 that coins of substantial size (particularly in silver) would be minted in significant quantities.

For the Roman successors of the drachma, see ].

===Denominations of ancient Greek drachma===
The weight of the silver drachma was approximately 4.3 grams or 0.15 ounces,<ref>British Museum Catalogue 11 – Attica Megaris Aegina</ref> although weights varied significantly from one city-state to another. It was divided into six obols of 0.72 grams, which were subdivided into four tetartemoria of 0.18 grams, one of the smallest coins ever struck, approximately 5–7&nbsp;mm in diameter.<ref>Photo gallery of and other small Greek coins</ref>

{|class="wikitable" style="text-align:center; font-size: 90%"
|-
!colspan="5"| Denominations of Greek silver
|-
! Image !!Denomination !! Value !! Weight !! Greek
|-
|]
|Dekadrachm
|10 drachmae
|43 grams
|{{lang|grc|Δεκάδραχμον}}
|-
|]
|Tetradrachm
|4 drachmae
|17.2 grams
|{{lang|grc|Τετράδραχμον}}
|-
|]
|Didrachm
|2 drachmae
|8.6 grams
|{{lang|grc|Δίδραχμον}}
|-
|]
|Drachma
|6 obols
|4.3 grams
|{{lang|grc|Δραχμή}}
|-
|]
|Tetrobol
|4 obols
|2.85 grams
|{{lang|grc|Τετρώβολον}}
|-
|]
|Triobol<br/>(hemidrachm)
|3 obols<br/>({{frac|1|2}} drachma)
|2.15 grams
|{{lang|grc|Τριώβολον}}{{refn|group=n|Τριόβολον spelling variant is also attested.}}<br/>{{lang|grc|(ἡμίδραχμον)}}<!-- Do not replace omega with an omicron; this is the more common spelling (omega by compositional lengthening) -->
|-
|]
|Diobol
|2 obols
|1.43 grams
|{{lang|grc|Διώβολον}}<!-- Do not replace omega with an omicron; this is the more common spelling (omega by compositional lengthening) -->
|-
|]
|Obol
|4 tetartemoria<br/>({{frac|1|6}} drachma)
|0.72 grams
|{{lang|grc|Ὀβολός<br/>(ὀβελός)}}
|-
|]
|Tritartemorion
|3 tetartemoria
|0.54 grams
|{{lang|grc|Τριταρτημόριον<br/>(τριτημόριον)}}
|-
|]
|Hemiobol
|2 tetartemoria<br/>({{frac|1|2}} obol)
|0.36 grams
|{{lang|grc|Ἡμιωβέλιον<br/>(ἡμιωβόλιον)}}{{refn|group=n|Ἡμιοβόλιον spelling variant is also attested.}}<!-- Do not replace omega with an omicron; this is the more common spelling (omega by compositional lengthening) -->
|-
|]
|Trihemitetartemorion
| {{frac|1|1|2}} tetartemorion
|0.27 grams
|{{lang|grc|Τριημιτεταρτημόριον}}
|-
|]
|Tetartemorion
|{{frac|1|4}} obol
|0.18 grams
|{{lang|grc|Τεταρτημόριον<br/>(ταρτημόριον,<br/>ταρτήμορον)}}
|-
|]
|Hemitetartemorion
|{{frac|1|2}} tetartemorion
|0.09 grams
|{{lang|grc|Ἡμιτεταρτημόριον}}
|}

===Historic currency divisions===
<!-- Please decide upon which form (including NOM pl.) we should use: Transliterated Greek? Latin? Anglicised... Pick one and stick with it! -->
:12 ''chalkoi'' = 1 '']''
:6 ''oboloi'' = 1 ''drachma''
:70 ''drachmae'' = 1 '']'' (or ''mna''), later 100 ''drachmae'' = 1 ''mina'' <ref>], Athenian Constitution, 10.2</ref>
:60 '']'' = 1 '']'' (Athenian standard) <ref>''Drachma'', The Catholic Encyclopedia, Volume V. Published 1909. New York: Robert Appleton Company. Nihil Obstat, 1 May 1909. Remy Lafort, Censor. Imprimatur. John M. Farley, Archbishop of New York</ref>

Minae and talents were never actually minted: they represented weight measures used for commodities (e.g. grain) as well as metals like silver or gold. The ] mentions both didrachma and, by implication, tetradrachma in context of the ]. ] includes a ] told by Jesus of a woman with 10 drachmae, who lost one and searched her home until she found it.<ref>Luke 15:8–10</ref>

==Modern drachma==
{{Infobox currency
| currency_name = Drachma
| currency_name_in_local = {{lang|el|Δραχμή}}
| image_1 = Drachmas.jpg
| image_title_1 = Modern drachma coins; Top row, left to right: 10λ coin, 20λ coin, 50λ coin, ₯1 coin, ₯2 coin. Middle row, left to right: ₯5 coin, ₯10 coin, ₯20 coin, ₯50 coin. Bottom row, left to right: ₯100 coin, ₯500 coin.
| image_2 =
| image_title_2 =
| inflation_rate = 3.1% (2000)
| inflation_source_date =
| iso_code = GRD
| using_countries = None, previously:<br />]
| ERM_since = March 1998
| ERM_fixed_rate_since = 19 June 2000
| euro_replace_non_cash = 1 January 2001
| euro_replace_cash = 1 January 2002
| ERM_fixed_rate = ₯340.75
| subunit_ratio_1 = {{frac|100}}
| subunit_name_1 = ] (λ)
| symbol = ₯, also Δρχ. or Δρ.
| frequently_used_coins = ₯5, ₯10, ₯20, ₯50, ₯100, ₯500
| rarely_used_coins = 10λ, 20λ, 50λ, ₯1 and ₯2
| frequently_used_banknotes = ₯200, ₯1,000, ₯5,000, ₯10,000
| rarely_used_banknotes = ₯50, ₯100, ₯500
| issuing_authority = ] and ]
| issuing_authority_website = {{URL|www.bankofgreece.gr}}
| printer =
| printer_website =
| mint=
| mint_website =
| obsolete_notice = Y
}}
]

===First modern drachma===
The drachma was reintroduced in May 1832, shortly before the establishment of the modern state of Greece (with the exception of the subdivision Taurus).<ref>{{cite web |url=http://colnect.com/en/coins/list/country/1669-Greece/currency/757-%E2%82%AF_-_Greek_drachma |title=The first modern drachma coins catalog |access-date=2013-06-22}}</ref> It replaced the '']'' at par. The drachma was subdivided into 100 ].{{refn|group=n|Greek: {{lang|el|λεπτά}}; plural of {{lang|el|λεπτόν}}, ''lepton''.}}

====Coins====
<!--{{Main|Coins of the Greek drachma}} It's a red link -->
The first coinage consisted of copper denominations of 1λ, 2λ, 5λ and 10λ, silver denominations of ₯{{frac|4}}, ₯{{frac|2}}, ₯1 and ₯5 and a gold coin of ₯20. The drachma coin weighed 4.5&nbsp;g and contained 90% silver, with the ₯20 coin containing 5.8&nbsp;g of gold.

In 1868, Greece joined the ] and the drachma became equal in weight and value to the ]. The new coinage issued consisted of copper coins of 1λ, 2λ, 5λ and 10λ, with the 5λ and 10λ coins bearing the names ''obolos'' ({{lang|el|ὀβολός}}) and ''diobolon'' ({{lang|el|διώβολον}}), respectively; silver coins of 20λ and 50λ, ₯1, ₯2 and ₯5 and gold coins of ₯5, ₯10 and ₯20. (Very small numbers of ₯50 and ₯100 coins in gold were also issued.)

In 1894, ] 5λ, 10λ and 20λ coins were introduced. No 1λ or 2λ coin had been issued since the late 1870s. Silver coins of ₯1 and ₯2 were last issued in 1911, and no coins were issued between 1912 and 1922, during which time the ] collapsed due to ].

Between 1926 and 1930, a new coinage was introduced for the new Hellenic Republic, consisting of cupro-nickel coins in denominations of 20λ, 50λ, ₯1, and ₯2; nickel coins of ₯5; and silver coins of ₯10 and ₯20. These were the last coins issued for the first modern drachma, none were issued for the second.

====Notes====
]
Notes were issued by the ] from 1841 until 1928. The Bank of Greece issued notes from 1928 until 2001, when Greece joined the ]. Early denominations ranged from ₯10 to ₯500. Smaller denominations (₯1, ₯2, ₯3 and ₯5) were issued from 1885, with the first ₯5 notes being made by cutting ₯10 notes in half.

When Greece finally achieved its independence from the Ottoman Empire in 1828, the ] was introduced as the monetary unit; its use was short-lived, however, and in 1832 the phoenix was replaced by the drachma, adorned with the image of ], who reigned as modern Greece's first king from 1832 to 1862. The drachma was divided into 100 lepta. In 2002 the drachma ceased to be legal tender after the euro, the monetary unit of the European Union, became Greece's sole currency.

From 1917 to 1920, the Greek government took control of issuing small change notes under Law 991/1917. During that time, the government issued denominations of 10 & 50 lepta, and ₯1, ₯2 & ₯5. The National Bank of Greece introduced ₯1,000 notes in 1901, and the Bank of Greece introduced ₯5,000 notes in 1928. The economic depression of the 1920s affected many nations around the globe, including Greece. In 1922, the Greek government issued a forced loan in order to finance their growing budget deficit. On 1 April 1922, the government decreed that half of all bank notes had to be surrendered and exchanged for 6.5% bonds. The notes were then cut in half, with the portion bearing the Greek crown standing in for the bonds while the other half was exchanged for a new issue of central bank notes at half the original value.<ref>{{Cite web|url=https://www.pmgnotes.com/news/article/7195/The-Greek-Financial-Note-Crisis-of-Early-1900s/|title=The Greek Financial Crises: Getting by with the Half-Drachmai &#124; PMG|website=pmgnotes.com}}</ref> The Greek government again issued notes between 1940 and 1944, in denominations ranging from 50 lepta to 20.
]

During the ]–] ] from 1941 to 1944, catastrophic ] caused much higher denominations to be issued, culminating in ₯100,000,000,000 notes in 1944.<ref>{{Cite web|url=https://banknoteindex.com/browse.mhtml?browseBy=Id&browse=45508|title=Banknote Index|website=banknoteindex.com|access-date=2019-02-01}}</ref> The Italian occupation authorities in the Ionian Islands printed their own currency, the Ionian drachma.

===Second modern drachma===
]
On 11 November 1944, following the liberation of Greece from Nazi Germany, old drachma were exchanged for new ones at the rate of ₯50,000,000,000 to ₯1.<ref name="bog-timeline">{{cite web |title=Chronology (1928–2003) |url=http://www.bankofgreece.gr/bank/Timeline.htm |website=Bank of Greece |access-date=9 May 2020 |archive-url=https://web.archive.org/web/20050215155300/http://www.bankofgreece.gr/bank/Timeline.htm |url-status=dead |archive-date=15 February 2005 |location=Athens |language=el}}</ref> Only paper money was issued for the second drachma. The government issued notes of ₯1, ₯5, ₯10 and ₯20, with the Bank of Greece issuing ₯50, ₯100, ₯500, ₯1,000, ₯5,000, and ₯10,000 notes. This drachma also suffered from high inflation. The government later issued ₯100, ₯500, and ₯1,000-drachma notes, and the Bank of Greece issued ₯20,000 and ₯50,000 notes.

===Third modern drachma===
On 9 April 1953, in an effort to halt inflation, Greece joined the ]. On 1 May 1954, the drachma was revalued at a rate of ₯1,000 to ₯1, and small change notes were abolished for the last time.<ref name="bog-timeline"/> The third drachma assumed a fixed exchange rate of ₯30 per ] until 20 October 1973: over the next 25 years, the official exchange rate gradually declined, reaching 400 drachmae per dollar.<ref name="bog-timeline"/> On 1 January 2002, the Greek drachma was officially replaced as the circulating currency by the ], and it has not been ] since 1 March 2002.

====Third modern drachma coins====
The first issue of coins minted in 1954 consisted of holed aluminium 5-, 10- and 20-lepton pieces, with 50-lepton, ₯1, ₯2, ₯5 and ₯10 pieces in cupro-nickel. A silver ₯20 piece was issued in 1960, replacing the ₯20 banknote, and also minted only in collector sets in 1965. Coins in denominations from 50 lepta to ₯20 carried a portrait of ] (1947–1964). New coins were introduced in 1966, ranging from 50 lepta to ₯10, depicting ] (1964–1974). A silver ₯30 coin for the centennial of Greece's royal dynasty was minted in 1963. The following year a non-circulating coin of this value was produced to commemorate the royal wedding. The reverse of all coins was altered in 1971 to reflect the military junta which was in power from 1967 to 1974. This design included a soldier standing in front of the flames of the rising phoenix and the date of the coup d'etat, April 21st, 1967.

A ₯20 coin in cupro-nickel with an image of ] on the obverse was issued in 1973. In late 1973, several new coin types were introduced: unholed aluminium (10λ and 20λ), nickel-brass (50 lepta, ₯1, and ₯2) and cupro-nickel (₯5, ₯10, and ₯20). These provisional coins carried the design of the phoenix rising from the flame on the obverse, and used the country's new designation as the "Hellenic Republic", replacing the coins also issued in 1973 as the Kingdom of Greece with King Constantine II's portrait. A new series of all 8 denominations was introduced in 1976 carrying images of early national heroes on the smaller values.

Cupro-nickel ₯50 coins were introduced in 1980. In 1986, aluminium-bronze ₯50 coins were introduced, followed by copper ₯1 and ₯2 pieces in 1988 and aluminium-bronze coins of ₯20 and ₯100 in 1990. In 2000, a set of 6 themed ₯500 coins were issued to commemorate the ].<ref>https://www.bankofgreece.gr/RelatedDocuments/coins_drachma.pdf</ref>

]s in circulation at the time of the adoption of the euro<ref>{{cite web |url=http://www.bankofgreece.gr/en/Banknotes/coins.htm |title=Archived copy |access-date=2005-01-12 |url-status=dead |archive-url=https://web.archive.org/web/20050204174343/http://www.bankofgreece.gr/en/banknotes/coins.htm |archive-date=4 February 2005 }}</ref> were
* 50λ (€0.0015){{refn|group=n|name=coin1|Minted but rarely used. Usually, prices were rounded up to the next multiple of 10 drachmae.}}
* ₯1 (€0.0029){{refn|group=n|name=coin2|Not minted but remained legal tender (not in actual use in 2002).}}
* ₯2 (€0.0059){{refn|group=n|name=coin2}}
* ₯5 (€0.0147)
* ₯10 (€0.0293)
* ₯20 (€0.0587)
* ₯50 (€0.147)
* ₯100 (€0.293)
* ₯500 (€1.47)

====Gallery====
<gallery>
File:Otto-dr.jpg|Gold ₯20 coin depicting king ], 1833
File:Geo 20dr.jpg|Gold ₯20 coin depicting king ], 1876
George-50dr.jpg|Gold ₯50 coin depicting king Georgios I, 1876
File:5dracme1874front.jpg|₯5 coin, 1876
File:1drachmi 1973.jpg|₯1 coin during the ], 1973
File:Konstantinos Kanaris 1 Drachma.png|₯1 coin depicting ], 1976
File:1drachmaowlfr.jpg|₯1 coin depicting the ]
File:2drachma1971fbl.jpg|₯2 coin with a soldier standing in front of a Phoenix
</gallery>

====Banknotes====
The first issues of banknotes were in denominations of ₯10, ₯20 and ₯50, soon followed by ₯100, ₯500 and ₯1,000 by 1956. ₯5,000 notes were introduced in 1984, followed by ₯10,000 notes in 1995 and ₯200 notes in 1997.

]s in circulation at the time of the adoption of the euro<ref>{{cite web|url=http://greekcurrency.110mb.com |title=History of Greek Banknotes |publisher=Greekcurrency.110mb.com |access-date=2013-11-17}}</ref> were
* ₯100 (€0.2935), depicting ] and ]
* ₯200 (€0.5869), depticing ]
* ₯500 (€1.47), depicting ]
* ₯1,000 (€2.93), depicting ]
* ₯5,000 (€14.67), depicting ]
* ₯10,000 (€29.35), depicting ] and ]

{|class="wikitable" style="font-size: 90%"
|-
!colspan="7"| Banknotes of the Greek drachma <small>(circa AD 2000)</small>
|-
! Image !! Value !! Equivalent in ] !! Main Color !! Obverse !! Reverse !! Watermark
|-
|align="center" |
| ₯50
| €0.1467
| Blue
| Head of ]
| ] directing cannon fire at two Ottoman ships at ] during the ]
| Head of the ]
|-
|align="center" |
| ₯100
| €0.2935
| Brown and violet (obverse); Maroon, green and orange (reverse)
| Head of ]; ]'s ] building
| ]; ], ]
| Head of the Charioteer of Delphi
|-
| align="center" |
| ₯200
| €0.5869
| Deep orange
| ]; Feraios singing his patriotic song at lower right
| ]'s '']'' ("secret school")
| Bust of ]
|-
| align="center" |
| ₯500
| €1.47
| Deep green
| ]; Capodistrias's home on ]
| ], ]
| Head of the Charioteer of Delphi
|-
| align="center" |
| ₯1,000
| €2.93
| Brown
| Bust of ]
| ]'s ]; ]
| Head of the Charioteer of Delphi
|-
|align="center" |
| ₯5,000
| €14.67
| Deep Blue or Purple and yellow-green
| ]; Church of the Holy Apostles, ]
| ], ]
| Bust of Philip of Macedonia
|-
|align="center" |
| ₯10,000
| €29.35
| Deep purple
| ]; microscope
| ]
| Bust of Philip of Macedonia
|}

====Gallery (banknotes)====
<gallery>
File:NBG banknote-1912.jpg|₯5 banknote, 1912
File:5.000.000_drachmas,_1944_(3543707844).jpg|₯5,000,000 banknote during the ] ] period, 1944
File:20_drachmas,_1955_(3542899543).jpg|₯20 banknote, 1955
</gallery>

==Encoding==
In Unicode, the currency symbol is {{unichar|20af|Drachma sign}}. There is a special ], {{unichar|10142|Greek acrophonic attic one drachma}}, for the value of one drachma but it fails to render in most browsers.<ref> Entry for (U+10142)</ref>

==Restoration==
{{see also|Greek withdrawal from the eurozone}}

The ], which was founded in 2013,<ref>{{cite web|url=http://greece.greekreporter.com/2013/05/09/political-party-drachma-5-launched|title=Political Party Drachma 5 Launched|work=greekreporter.com|date=9 May 2013}}</ref> aims to restore the Drachma as Greece's currency.

==In popular culture==
* Drachma is the currency used in ], set in the fictional Greek island of Asidopholis.
* The golden drachma is the main unit of currency in ] '']'' fantasy adventure novel series, as well as its spinoff '']'', the latter of which also features the Roman ].
* The drachma is used in the video game '']'', set in ], as the currency used by the player to purchase weapons, outfits and mounts. It is also used in the subsequent game '']'', set in ].
*The drachma is also mentioned in William Shakespeare's ] in Mark Antony's famous "]<ref>{{Cite web|url=https://shakespeare-navigators.com/JC_Navigator/Julius_Caesar_Act_3_Scene_2.html#241|title=JULIUS CAESAR, Act 3, Scene 2}}</ref>" speech.
* Raincrow Studios' game uses Silver and Gold Drachs as the game's main form of currency.


==See also== ==See also==
*]
{{Portal|Greece|Money|Numismatics}}
*]
* ]
* ]
* ]
* ]
* ]
* ]
* ]
* ]

==Notes and references==
;Notes
{{reflist|group=n}}

;References
{{reflist}}

==External links==
{{Commons|Drachma}}
{{Commons category|Modern drachma}}
{{Commons category|Banknotes of Greece}}
*
* {{in lang|en|de}}
{{s-start}}
{{s-bef|before=]}}
{{s-ttl|title=] currency|years=1832–2001}}
{{s-aft|after=]}}
{{s-end}}
{{currency symbols}}
{{Ancient Greek coinage}}
{{Euro topics}}
{{Symbols of Greece}}


{{disambiguation}}
{{DEFAULTSORT:Greek Drachma}}
]
]
]
]
]
]
]

Latest revision as of 16:38, 27 February 2024

Drachma may refer to:

See also

Topics referred to by the same term Disambiguation iconThis disambiguation page lists articles associated with the title Drachma.
If an internal link led you here, you may wish to change the link to point directly to the intended article. Category: