Greek Drachma (Noun)
Meaning
Formerly the basic unit of money in Greece.
Classification
Nouns denoting quantities and units of measure.
Examples
- The country switched to the euro in 2001, replacing the Greek drachma as its official currency.
- The tourist exchanged his dollars for Greek drachma at the airport before heading to Athens.
- In the early 2000s, the European Central Bank began phasing out the Greek drachma in favor of the euro.
- The value of the Greek drachma had been declining for years before Greece adopted the euro.
- As the country struggled economically, the Greek drachma continued to lose value against other major currencies.