Modern drachma
The drachma (Greek: δραχμή, [ðraxˈmi]) was the official currency of modern Greece from 1832 until the launch of the euro in 2001.
| Δραχμή (Greek) | |
|---|---|
Modern drachma coins; Top row, left to right: 10λ coin, 20λ coin, 50λ coin, ₯1 coin, ₯2 coin. Middle row, left to right: ₯5 coin, ₯10 coin, ₯20 coin, ₯50 coin. Bottom row, left to right: ₯100 coin, ₯500 coin. | |
| ISO 4217 | |
| Code | GRD |
| Unit | |
| Symbol | ₯ also Δρχ. or Δρ. |
| Denominations | |
| Subunit | |
| 1⁄100 | leptοn (λ) |
| Banknotes | |
| Freq. used | ₯200, ₯1,000, ₯5,000, ₯10,000 |
| Rarely used | ₯50, ₯100, ₯500 |
| Coins | |
| Freq. used | ₯5, ₯10, ₯20, ₯50, ₯100, ₯500 |
| Rarely used | 10λ, 20λ, 50λ, ₯1 and ₯2 |
| Demographics | |
| Replaced | Phoenix |
| Replaced by | Euro |
| User(s) | None, previously: Greece |
| Issuance | |
| Central bank | Bank of Greece |
| Website | www |
| Printer | Banknote and Securities Printing Foundation |
| Mint | Banknote and Securities Printing Foundation |
| Valuation | |
| Inflation | 3.1% (2000) |
| Source | Grecian.net |
| EU Exchange Rate Mechanism (ERM) | |
| Since | March 1998 |
| Fixed rate since | 19 June 2000 |
| Replaced by euro, non cash | 1 January 2001 |
| Replaced by euro, cash | 1 January 2002 |
| 1 € = | ₯340.75 |
| This infobox shows the latest status before this currency was rendered obsolete. | |
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