Search results
Results from the WOW.Com Content Network
In ancient Greece, the drachma (Greek: δραχμή, romanized: drachmḗ, [drakʰmέː]; pl. drachmae or drachmas) was an ancient currency unit issued by many city-states during a period of ten centuries, from the Archaic period throughout the Classical period, the Hellenistic period up to the Roman period.
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 and 50 lepta, and 1, 2 and 5 drachmae. The ...
Greece Greek drachma: 340.75 2001 Slovenia Slovenian tolar: ... Angolans could only exchange 5% of all old notes for new ones; they had to exchange the rest for ...
European Currency Unit and 23 national currencies which were replaced by the euro: Austrian schilling; Belgian franc; Croatian kuna; Cypriot pound; Dutch guilder; Estonian kroon; Finnish markka; French franc; German mark; Greek drachma; Irish pound; Italian lira; Latvian lats; Lithuanian litas; Luxembourgish franc; Maltese lira; Monégasque ...
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 ...
More critically, according to Gail Makinen, the British would radically reform the tax assessment and increase the price at which aid goods were sold, and maintain the devalued drachma exchange rate against both the pound sterling and US dollar. [33] Inflation would stabilise for the rest of 1946.
Greece experienced a sustained depression with the onset of the Global Financial Crisis, as real GDP per capita declined by 20% over the period 2007–2017. [25] Greece entered into the longest and largest depression for a modern middle- or high-income country. [25] By April 2010 the government realized that it would need a rescue package.
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 State; Drachma, a moth genus containing only one species; Drachma proctocomys, moth species