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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.
Using a labor-equivalent calculation, a silver drachma (or denarius), which constituted a day's wage for a manual laborer, would be worth approximately the same in modern currency. [29] The United States federal minimum wage's maximum purchasing power was in 1968, when it was $1.60 ($14.00 in 2023), meaning an 8-hour shift paid $12.80 ($112.00 ...
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 ...
Contact us; Contribute Help; Learn to edit; Community portal; ... an ancient Greek currency; Modern drachma, a modern Greek currency; Cretan drachma, currency of the ...
Greek euro coins feature a unique design for each of the eight coins. They were all designed by Georgios Stamatopoulos with the minor coins depicting Greek ships, the middle ones portraying famous Greeks and the two large denominations showing images of Greek history and mythology .
The Achaean standard consisted of a stater of around 8 g, divided into three drachms of 2.6 g and obols of 0.4 g; these weights declined over time. It was first used in the mid-sixth century by the Greek city-states of Sybaris, Metapontum, and Croton, which had been founded in Magna Graecia by Achaeans from the Peloponnese, and it remained one of the main standards in Magna Graecia until the ...
While 0.72 grams was the weight of a standard Greek obol, the actual amount of silver that went into making the currency could vary from region to region. Obols in Athens were typically near the 0.72-gram standard, while Corinth was documented having 0.42-gram obols. [17]
The tetradrachm's use as a currency was soon adopted by many other city-states of the ancient Greece, Asia Minor, Magna Grecia and other Greek colonial cities throughout the Mediterranean Sea. With the armies of Alexander the Great it spread to other Greek-influenced areas of Asia. Tetradrachms were common as trade coins. [7]