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What (who) is drachma - definition

FORMER CURRENCY OF GREECE

Drachmae; ₯; Drachma; Drachmas; Didrachm; Greek Drachma; Drahma; Δραχμή; Ελληνική δραχμή; Greek money; Didrachms; Didrachma; Cretan drachma; Tridrachm; Ancient drachma; Octadrachm; Athenian coinage; Ancient Greek drachma; 𐅂; Tetrobol; ISO 4217:GRD

drachma

['drakm?]

¦ noun (plural drachmas or drachmae -mi:) (until the introduction of the euro in 2002) the basic monetary unit of Greece.

?a silver coin of ancient Greece.

Origin

via L. from Gk drakhme, an Attic weight and coin.

drachma

(drachmas)

The drachma was the unit of money that was used in Greece. In 2002 it was replaced by the euro.

N-COUNT: num N

•

The drachma was also used to refer to the Greek currency system.

In April 1992 the Greek drachma was the only Community currency not yet part of the EMS exchange-rate mechanism.

N-SING: the N

Drachma

·noun A gold and silver coin of modern Greece worth 19.3 cents.

II. Drachma ·noun Among the ancient Greeks, a weight of about 66.5 grains; among the modern Greeks, a weight equal to a gram.

III. Drachma ·noun A silver coin among the ancient Greeks, having a different value in different States and at different periods. The average value of the Attic drachma is computed to have been about 19 cents.

Wikipedia

Greek drachma

The drachma (Greek: δραχμή Modern: [ðraxˈmi], Ancient: [drakʰmέː]; pl. drachmae or drachmas) was the currency used in Greece during several periods in its history:

An ancient Greek currency unit issued by many Greek city states during a period of ten centuries, from the Archaic period throughout the Classical period, the Hellenistic period up to the Roman period under Greek Imperial Coinage.
Three modern Greek currencies, the first introduced in 1832 by the Greek King Otto (Όθων) and the last replaced by the euro in 2001 (at the rate of 340.75 drachmae to the euro). The euro did not begin circulating until 2001 but the exchange rate was fixed on 19 June 2000, with legal introduction of the euro taking place in January 2002.

It was also a small unit of weight.

https://en.wikipedia.org/wiki/Greek drachma

Examples of use of drachma

1. The money had been distributed to a number of banks to meet customer demand as Greece switched from the drachma to the euro in 2002.

2. The drachma conversion rate was set at 340.75 to the euro, and consumers complained of prices being rounded up after the changeover.

3. The woman was taken to Korydallos Prison after she failed to pay a 600,000–drachma (1,760–euro) fine issued in 1''3 for building a home on public forestland.

4. Two judges have been questioning lawyer Christos Hadzipanayiotou, an associate of parliamentary deputy Petros Mandouvalos, over an alleged 7–million–drachma (20,500 euro) payment he made to Court of First Instance President Evangelos Kalousis in November 2000.

5. The woman was taken to a jail after she failed to pay a 600,000–drachma (1,760–euro) fine issued in 1''3 for building a two–story home on public forestland.