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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. From 1917 to 1920, the Greek government took control of issuing small change notes under Law 991/1917.
The drachma was the standard unit of silver coinage at most ancient Greek mints, and the name obol was used to describe a coin that was one-sixth of a drachma. [2] The notion that drachma derived from the word for fistful was recorded by Herakleides of Pontos (387–312 BC) who was informed by the priests of Heraion that Pheidon , king of Argos ...
In 1970 the Greek junta regime issued a number of commemorative coins with the coup d'état of 1967 as a topic. 50 drachmas, silver and copper, phoenix, soldier, 21 April 1967; 100 drachmas, silver and copper, phoenix, soldier, 21 April 1967; 20 drachmas, gold and copper, phoenix, soldier, 21 April 1967
The Aeginetan standard, based on the coinage issued by Aegina had a stater of 12.4 g, which was divided into a half-stater or drachma of 6.2 g, a quarter-stater of 3.1 g, and twelve obols of 1.0 g each. [2] [1] This was the main trading standard in the Greek world in the Late Archaic period. In the second half of the sixth century BC, the ...
Ancient drachma, an ancient Greek currency; Modern drachma, a modern Greek currency; Cretan drachma, currency of the Cretan State; Drachma, a moth genus; See also
Greek name Equivalent Weight obol or obolus: ὀβολός: 1 ⁄ 6 drachma, 4 tetartemorions 0.72 g (0.023 ozt) drachma: δραχμή: 6 obols 4.3 g (0.14 ozt) mina μνᾶ: 100 drachmae talent: τάλαντον: 60 minae
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 ...
According to wage rates from 377 BC, a talent was the value of nine man-years of skilled work. [8] This corresponds to 2340 work days or 11.1 grams (0.36 ozt) of silver per worker per workday. The Attic talent, corresponding with the standard, would change throughout the time of Alexander the Great and the Hellenistic Period, subsequently ...