Greek drachma

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Definition

Noun: 1. A former currency unit: The Greek drachma was the basic monetary unit of Greece until it was replaced by the euro in 2002. It was subdivided into 100 lepta.

Usage Examples
  • Noun:
    • Before adopting the euro, prices in Greece were listed in Greek drachma.
    • He found an old coin from his travels, a 100-drachma piece.
    • The antique vase was sold for several million Greek drachma in the 1990s.
Advanced Usage
  • Historical/Collector's Context: The term is now primarily used in historical, financial, or numismatic (coin-collecting) contexts to discuss the pre-euro economy of Greece.
    • Numismatists often seek out the final series of Greek drachma coins.
    • Economic reports from the 20th century reference the Greek drachma's exchange rate.
Variants and Related Words
  • Drachma (n): The more general term, which can also refer to an ancient Greek silver coin or a modern currency unit. "Greek drachma" specifies the modern national currency.
  • GRD: The ISO 4217 currency code formerly used for the Greek drachma.
  • Lepton (n, plural: lepta): The subunit of the drachma, equivalent to 1/100th of a drachma.
Synonyms
  • Former Greek currency
  • Pre-euro Greek money
Related Phrases
  • Out of circulation: No longer used as legal tender.
    • The Greek drachma has been out of circulation for over two decades.
Noun
  1. formerly the basic unit of money in Greece

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