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The ancient drachma originated in Greece around the 6th century BC. [1] The coin, usually made of silver or sometimes gold [2] had its origins in a bartering system that referred to a drachma as a handful of wooden spits or arrows. [3] The drachma was unique to each city state that minted them, and were sometimes circulated all over the ...
The first issue of coins minted in 1954 consisted of holed aluminium 5-, 10- and 20-lepton pieces, with 50-lepton, 1-drachma, 2-drachma and 5-drachma pieces in cupro-nickel. 10-drachma coins of a brighter alloy were issued in 1959 and a silver 20-drachma piece was issued in 1960, replacing the corresponding banknotes.
Remittances from abroad declined sharply and the value of the drachma began to plummet from 77 drachmas to the dollar in March 1931 to 111 drachmas to the dollar in April 1931. This was especially harmful to Greece as the country relied on imports from the UK, France and the Middle East for many necessities.
The two coins minted in 1990 celebrate the 50th anniversary of the Italian invasion in Greece in World War II. The 28th of October is celebrated every year as a national holiday in Greece. 1,000 drachmas, silver, soldiers with horse, 28 October 1940; 20,000 drachmas, gold, soldiers with horse, 28 October 1940
The three most important standards of the ancient Greek monetary system were the Attic standard, based on the Athenian drachma of 4.3 grams (2.8 pennyweights) of silver, the Corinthian standard based on the stater of 8.6 g (5.5 dwt) of silver, that was subdivided into three silver drachmas of 2.9 g (1.9 dwt), and the Aeginetan stater or didrachm of 12.2 g (7.8 dwt), based on a drachma of 6.1 g ...
As befitting a quintessential pop diva worth over $300 million, Mariah Carey’s engagement ring from former finance James Packer cost an estimated $10 million, according to Brides — the highest ...
Most of us aren’t immune from misunderstanding how much our stuff is really worth.
Drachma may refer to: Ancient drachma, an ancient Greek currency; Modern drachma, a modern Greek currency (1833...2002) Cretan drachma, currency of the former Cretan ...