Modern Greek drachma — 1833 to euro continuity
Modern Greek drachma: a historical unit of account.
- Dates in use
- Introduction and ending not established
- Ancestry branch
- See family connections
Where this money came from
1 ancestor · 1 descendant. Follow a name to its history. Select a dated connection for its evidence.
The story
The surviving evidence establishes this unit of account, but a fuller narrative is still being developed. Its known connections are shown above; the research page documents what is established and what remains uncertain.
Turning points
Currency replacement
Otto’s decree replaced the phoenix with the drachma. [1]
Name revival
The modern drachma deliberately reused the ancient Greek currency name. No continuous ancient-to-modern currency or fixed conversion asserted. [2]
Redenomination
The postwar drachma replaced 50 billion occupation-era drachmas. Date of the first postwar banknotes; the underlying law is dated 10 November 1944. [3]
Redenomination
One new drachma replaced 1, 000 postwar drachmas. [4]
Euro monetary substitution
1 EUR = 340.750 GRD. Greece: euro adoption 2001-01-01; cash 2002-01-01. Regulation 974/98 substitutes the euro for each participating state’s currency on its adoption date; cash changeover is separately defined. [5] [6] [7]
Euro cash changeover
Greece: euro adoption 2001-01-01; cash 2002-01-01. [6]
Sources and evidence
- Alpha Bank Numismatic Collection · Silver drachma of King Otto C864 ↗
- Alpha Bank Numismatic Collection · Silver drachma of King Otto C865 ↗
- Bank of Greece · Drachma banknotes; Bank of Greece · Drachma coins C866 ↗
- Bank of Greece · Drachma coins C867 ↗
- Council of the European Union · Council Regulation (EC) 2866/98 — consolidation at 1 January 2026 C684 ↗
- Council of the European Union · Council Regulation (EC) 974/98 — consolidation at 1 January 2026 C685 ↗
- Council of the European Union · Council Regulation (EC) 974/98 — consolidation at 1 January 2026 C646 ↗
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Full claims, evidence coverage, corrections and earlier interpretations are kept separately.
Cite this page
“Modern Greek drachma — 1833 to euro continuity.” The Family Tree of Money. © Field Technologies, Inc. Reader edition 2026-10-13; research dataset v44. https://familytreeofmoney.org/currency/T-FTM000798.html