GREEK DRACHMA Meaning and
Definition
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The Greek drachma, also known as "drachme" in its singular form, is the former national currency of Greece. It served as the primary unit of exchange in Greece from ancient times until it was replaced by the euro in 2002.
Historically, the drachma was an integral part of Greek civilization, with its origins tracing back to at least the 5th century BCE. The currency derived its name from the Greek word "drachme," meaning "a handful," as it was initially a unit of weight for silver ingots. Over time, it evolved into a monetary unit through the minting of coins made from precious metals such as silver and later gold.
The value of the Greek drachma varied throughout its existence, impacted by factors such as economic conditions, inflation, and political stability. In modern times, prior to its replacement by the euro, the drachma had a decimal system, with 100 smaller units called "lepta" comprising one drachma.
Since Greece's adoption of the euro, the drachma ceased to be a legal tender. Nonetheless, the term "Greek drachma" retains its significance as a historical reference to the former currency. Today, it is often studied and discussed in the context of Greek economic history, providing insights into the evolution of monetary systems and financial practices.
Common Misspellings for GREEK DRACHMA
- freek drachma
- vreek drachma
- breek drachma
- hreek drachma
- yreek drachma
- treek drachma
- geeek drachma
- gdeek drachma
- gfeek drachma
- gteek drachma
- g5eek drachma
- g4eek drachma
- grwek drachma
- grsek drachma
- grdek drachma
- grrek drachma
- gr4ek drachma
- gr3ek drachma
- grewk drachma
- gresk drachma
Etymology of GREEK DRACHMA
The word "drachma" originates from the Ancient Greek word "drakhmḗ", which means "handful" or "grasp". In ancient Greece, the drachma was a unit of weight used for measuring silver, and later became the name of the currency. The word "Greek" is added to specify that it refers to the currency used in Greece.
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