drachma

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drachma

1. the former standard monetary unit of Greece, divided into 100 lepta; replaced by the euro in 2002
2. US another name for dram
3. a silver coin of ancient Greece
4. a unit of weight in ancient Greece

Drachma

 

(1) An ancient Greek unit of weight and measure. It was first minted as silver currency in the sixth century B.C. The weight of a drachma was originally 4.25 g of silver and was later changed to 4.32 g.

(2) The present-day monetary unit of Greece, equal to 100 lepta. The Gosbank (State Bank) of the USSR on Jan. 1, 1974, established the rate of exchange at 100 drachmas = 2 rubles 76 kopeks.

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.