References in periodicals archive ?
In those days the Greek drachma routinely depreciated some 10-15 per cent annually, inflation was high at 8-10 per cent.
Now the franc and the deutschmark are no more, and the oldest currency on the continent - the Greek drachma - has also been absorbed.
The Greek drachma is even weaker at 14 per cent less than its value last year.
We sold the Fund's positions in Greek drachma Treasury bills as the Kosovo war broke out.
Ignoring a five-year blip in the 1800s, the Greek drachma is the oldest currency dating from the mid-6th century BC.
The 12 national currencies being replaced by the euro from January 1 are the French franc, German mark, Spanish peseta, Dutch guilder, Italian lira, Greek drachma, Irish punt, Austrian schilling, Portuguese escudo, Belgian franc, Luxembourg franc, and Finnish markka.
Austrian schillings, Belgian francs, German marks, Finnish markka, French francs, Greek drachma, Irish punts, Italian lire, Luxembourg francs, Netherlands guilders, Portuguese escudos, Spanish pesetas.