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Between 1832 and 2002 the currency of Greece was the drachma. After signing the Maastricht Treaty, Greece applied to join the eurozone. The two main convergence criteria were a maximum budget deficit of 3% of GDP and a declining public debt if it stood above 60% of GDP. Greece met the criteria as shown in its 1999 annual public account.
US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica
Several parties during the Greek government-debt crisis proposed leaving the Euro and reinstating the Drachma as Greece's currency. Examples include the Drachmi Greek Democratic Movement Five Stars , which was founded in 2013 [ 15 ] and dissolved in 2015, and Popular Unity , which was founded in the wake of the 2015 Greek bailout referendum .
The currency of Greece is the Euro. Earlier currencies include: Phoenix (currency) Modern drachma; See also. Greek money (disambiguation)
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 modern Greece, lepton (modern form: lepto, λεπτό) is the name of the 1 ⁄ 100 denomination of all the official currencies of the Greek state: the phoenix (1827–1832), the drachma (1832–2001) and the euro (2002–current) – the name is the Greek form of "cent". Its unofficial currency sign is Λ (lambda). [1]
Patricia Mahan and Dan Matarazzo left Tucson, Arizona to live Mexico in 2006, before buying a home, pictured, in Kritsa, Crete last year and relocating there.
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [1] when they meet the five convergence criteria. [2]