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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. The ancient drachma originated in ...
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 ...
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 ...
Economy of ancient Greece. Men weighing merchandise, side B of an Attic black-figure amphora. The economy of ancient Greece was defined largely by the region's dependence on imported goods. As a result of the poor quality of Greece 's soil, agricultural trade was of particular importance. The impact of limited crop production was somewhat ...
Look up drachma or δραχμή in Wiktionary, the free dictionary. 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.
The economy of Greece is the 54th largest in the world, with a nominal gross domestic product (GDP) of $250.276 billion per annum. [6] In terms of purchasing power parity, Greece is the world's 55th largest economy, at $430.125 billion per annum. [6] As of 2023, Greece is the fifteenth largest economy in the European Union.
An obol of the Greco-Bactrian king Demetrius, 12 mm in diameter. A 19th-century obol from the British-occupied Ionian Islands. The obol (Greek: ὀβολός, obolos, also ὀβελός (obelós), ὀβελλός (obellós), ὀδελός (odelós). lit. "nail, metal spit"; [1] Latin: obolus) was a form of ancient Greek currency and weight.
The stater, as a Greek silver currency, first as ingots, and later as coins, circulated from the 8th century BC to AD 50. The earliest known stamped stater (having the mark of some authority in the form of a picture or words) is an electrum turtle coin, struck at Aegina [2] that dates to about 650 BC. [3] It is on display at the Bibliothèque ...