What is a drachma?
The drachma was one of the world’s earliest coins. Its name derives from the Greek verb meaning “to grasp,” and its original value was equivalent to that of a handful of arrows. The early drachma had different weights in different regions.
What happened to Greek drachma banknotes?
Greek drachma banknotes became obsolete in 2002, when Greece joined the Eurozone. The exchange deadline for Greek drachmae expired in 2012. All drachma bills issued by the Athens-based Bank of Greece have lost their monetary value. However, we give cash for demonetized pre-euro Greek Drachma notes that reflects their numismatic (collector’s) value.
What does the 50 drachma note look like?
The 50 drachmai banknotes features a portrait of the Greek god of the sea, Poseidon. On the back side of the fifty drachma note are sailing ships, and a male an…
How many lepta are in a drachma?
The drachma was divided into 100 lepta. In 2002 the drachma ceased to be legal tender after the euro, the monetary unit of the European Union, became Greece’s sole currency. Between 1917 and 1920, the Greek government issued paper money in denominations of 10 lepta, 50 lepta, 1 drachma, 2 drachmae, and 5 drachmae.