The drachma ( GRD ) (in Greek ἑλληνικὴ δραχμή romanized ellinikí drakhmí , pl. δραχμές romanized drakhmés , or until 1980 δραχμαί romanized drakhmé ) of the modern Greece was the old legal monetary unit, between 1832 and on December 31st, 2000.

The drachma was divided into 100 lepta ( λεπτά romanisé leptá ; in the singular lepto , λεπτό romanized leptó ). Its name comes from an ancient currency, the Greek ancient Drachme. Its usual abbreviation was “  Δρ.   ” or “ ₯ ” (sometimes romanized Dr. ).

January 1st 2001, the drachma became a national division of the Euro, the common currency. January 1st 2002, the drachma completely ceased being Unit of Account, before ceasing its legal tender quickly (completely replaced by the euro become single currency); the coins and tickets in drachmas for summer have completely démonétisés.

History of the Greek modern drachma

The modern drachma was born in 1832, shortly after the independence of the Greece. The kingdom of Greece joined the Latin Monetary Union in 1868; the drachma was then with parity with the Franc French.

The period of the Second world war involved an important inflation. Since 1944, the new drachma was brought into service, with a rate of 50  000  000  000 old drachmas for the news. This new currency was again devaluated in 1953 and 1956.

The drachma ceased having legal tender on February 28th, 2002.

Convertion rate

1 EURO = 340,750 GRD

Greek parts

The series of Paul {{I}} {{er}} (1947-1964)

• parts of 50 lepta, 1 drachma, 2 and 5 drachmas out of cupronickel.
• the part of 10 drachmas out of nickel.
• the part of 20 drachmas silver.

The first series (1966-1970) of Constantin {{II}} (1964-1973)

• parts of 50 lepta, 1 drachma, 2,5 and 10 drachmas out of cupronickel.

The second series (1971-1973) of Constantin {{II}} (1964-1973)

• parts of 10 and 20 aluminum lepta.
• parts of 50 lepta, 1 drachma, 2,5 and 10 drachmas out of cupronickel.

Series of the republic

• parts of 10 and 20 aluminum lepta.
• the parts of 50 lepta, 1 drachma and 2 drachmas in aluminum-bronzes.
• parts of 5,10 and 20 drachmas out of cupronickel.

Parts having course at the time of the passage to the euro

• 50 lepta - Markos Botzaris
• 1 drachma - Laskarina Bouboulina
• 2 drachmas - Manto Mavrogenous
• 5 drachmas - Aristote
• 10 drachmas - Démocrite
• 20 drachmas - Dionýsios Solomós
• 50 drachmas - Homère
• 100 drachmas - Alexandre Large the
• 500 drachmas - Athens 2004

Greek tickets

Last series of Greek tickets:

• 100 drachmas (red) - head of Athéna and portrait of Adamántios Koraïs ( Ἀδαμάντιος Κοραῆς ).
• 200 drachmas (orange) - portrait of Rigas Velestinlis-Fereos ( “Κρυφὸ σχολειό” - ἐλαιογραφία Νικολάου Γύζη ).
• 500 drachmas (green) - portrait of Ioannis Kapodistrias ( Ἰωάννης Καποδίστριας ).
• 1  000 drachmas (brown) - head of Apollo ( Κεφαλὴ θεοῦ Ἀπόλλωνα ).
• 5  000 drachmas (blue) - portrait of the general Theodoros Kolokotronis ( Θεόδωρος Κολοκοτρώνης ).
• 10  000 drachmas (crimson) - portrait of Dr. Georges Papanicolaou ( Γεώργιος Παπανικολάου ).

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