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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>
</table>


'''Drachma''' may refer to:
'''Drachma''', pl. ''Drachmas'' or ''Drachmae'' (&#948;&#961;&#945;&#967;&#956;&#942;, pl. &#948;&#961;&#945;&#967;&#956;&#941;&#962;) 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 ], &#1583;&#1585;&#1607;&#1605;), 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 &#x20AF; (] 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''

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]
{{PreEuroCurrencies}}
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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.
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