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 ?
h) On Monday March 16th 1998, the Greek Drachma entered the Exchange Rate Mechanism (ERM) of the European Monetary System and was devalued by 14 per cent.
25% about its pivotal rate, and the Greek Drachma +/-15%.
Antenna owns and operates the leading television broadcasting network and program producer in Greece, with 1996 sales of Greek drachma Dr25 billion ($92 million).
Over these two months, the Greek Drachma was again the strongest currency in the ERM grid.
The oldest currency I have collected is the Greek drachmas, then comes the Islamic dirhams and dinars, the Maria Theresa Thaler, A.
Elter) submitted price offers in Greek drachmas (GRD).
What I'll treasure the most is my collection of Italian lira, Spanish pesetas, French francs and Greek drachmas, as these are four of the 12 European currencies that have been replaced by the new Euro.
Olympic Holidays is highlighting the fact that visitors are getting about 15 per cent more Greek drachmas for their pound than they were a year ago - while with the Cyprus pound they are getting 20 to 25 percent more for their money.
The total monthly balance of all accounts processed by DELTA is in excess of 50 Billion Greek Drachmas ($200 million).
Your pound will buy you around 480 Greek drachmas, nearly 300 escudos on the Algarve, up to 250 pesetas in Spain, and about 9.
Greek drachmas have seen the most dramatic fall against the pound.