Drachma: Difference between revisions

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			{{Wiktionary\|2=δραχμή}}
	<table border="1" cellspacing="0" align="right" cellpading="2">
	<tr><th align="center" bgcolor="green" colspan="2">'''Drachma'''</th></tr>
	<tr><td align="center" bgcolor="black">]</td><td align="center" bgcolor="black">]</td></tr>
	<tr><td align="center" colspan="2">1 drachma 1988</td></tr>
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			'''Drachma''' may refer to:
	'''Drachma''', pl. ''Drachmas'' or ''Drachmae'' (δραχμή, pl. δραχμές) is the name of both:
	#A modern Greek ], introduced in 1832, and replaced by the ] (at the rate of 340.750 drachma to the Euro).
	#An ancient currency unit found in many Greek city states and successor states, and in many ] kingdoms of the ] era.

			*], an ancient Greek currency
	The name Drachma is derived from the verb "to grasp." Initially a drachma was a fistful (a "grasp") of 6 ], sticks of metal used as currency as early as 1100BC.
			*], a modern Greek currency
			*Cretan drachma, currency of the ]
			*], a moth genus

			==See also==
	The ] ] ''tetradrachm'' ("four drachmae") ] was the most widely used coin in the Greek world prior to ]. It featured the helmeted profile bust of ] on the obverse (front) and an owl on the reverse (back). The reverse is featured on the national side of the Greek 1 euro coin, see ].
			*]
			*]

			{{disambiguation}}
	After ]'s conquests, the name ''Drachma'' was used in many of the ] kingdoms in the ], including the ] kingdom in ]. The ] unit of currency known as '']'' (in the ], درهم), known from pre-]ic times and afterwards, inherited its name from the drachma.

	The drachma was also used in ] in the ]. It is difficult to give even comparative values for money from before the ], due to vastly differing economies. Classical historians regularly say that in the late ] and early ], the daily wage for a laborer was one Drachma.

	The drachma was reborn in 1832, soon after the establishment of the modern state of Greece. In 1868 Greece joined the ] and the drachma became equal in weight and value to the ]. During the ] occupation of Greece (1941-1944), catastrophic ] and ] looting of the Greek treasury made the drachma practically worthless; in 1944, old drachmae were exchanged for new ones at the ratio of 50,000,000,000 to 1. The new currency was soon devaluated again; in 1953, in an effort to halt the slide, Greece joined the ]. In 1956 notes were again exchanged for new ones, at a ratio of 1,000 to 1; the new notes were pegged at 30 drachmae = 1 ].

	In 1973, the Bretton Woods System was abolished; over the next 25 years the official exchange rate gradually declined, reaching 400 GRD = 1 USD.

	Greece joined the European ], on 1 January 2001, and exactly one year later, the drachma was officially replaced by the ] at a rate of 340.75 drachmas to the Euro. The coins continued to be exchangeable into Euros until ], ]. The banknotes will continue to be exchangeable until March 1, ].


	The ] code for the Drachma is GRD; The ] is ₯ (] character code #x20AF).

	]s in circulation at the time of the adoption of the Euro
	*50 Lepta (.147 Eurocents)
	*1 Drachma (.293 Eurocents)
	*2 Drachmae (.587 Eurocents)
	*5 Drachmae (1.47 Eurocents)
	*10 Drachmae (2.93 Eurocents)
	*20 Drachmae (5.87 Eurocents)
	*50 Drachmae (14.67 Eurocents)
	*100 Drachmae (29.35 Eurocents)
	*500 Drachmae (1.47 Euros)

	]s in circulation at the time of the adoption of the Euro
	*100 drachmae (29.35 Eurocents)
	*200 drachmae (58.69 Eurocents)
	*500 drachmae (1.47 Euros)
	*1000 drachmae (2.93 Euros)
	*2000 drachmae (5.87 Euros)
	*5000 drachmae (14.67 Euros)
	*10,000 drachmae (29.35 Euros)

	Historic currency divisions
	:6 ''obols'' = 1 ''drachma''
	:100 ''drachmae'' = 1 ''mina'' (or ''mna'')
	:60 ''minae'' = 1 ''talent'' (Athenian standard)

	Modern currency divisions
	:100 '']'' = 1 ''drachma''

	]
	]

	]
	]
	]
	]
	]
	]

Latest revision as of 16:38, 27 February 2024

Drachma may refer to:

Ancient drachma, an ancient Greek currency
Modern drachma, a modern Greek currency
Cretan drachma, currency of the Cretan State
Drachma (moth), a moth genus

Latest revision as of 16:38, 27 February 2024

See also