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Drachma – the Old/New Greek currency

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Tag Archives: greece

Greece – Eurozone Crisis

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Posted on November 4, 2011 by Blogger

Latest news and comment on Greece from Drachma.com

Drachma.com provides an overview, key facts and events, timelines and leader profiles along with current news about Greece’s debt crisis.

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Posted in Drachma | Tagged crisis, drachma, eurozone, greece, vote

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About Drachma

The drachma was reintroduced in 1832, soon after the establishment of the modern state of Greece. It replaced the phoenix at par. The drachma was subdivided into 100 lepta.

The last replaced by the euro in 2001 (at the rate of 340.750 drachma to the euro). The euro did not begin circulating until 2002 but the exchange rate was fixed on 19 June 2000, with legal introduction of the euro taking place in January 2002.

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