greek drachma
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
-
formerly the basic unit of money in Greece
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