← Read the currency article

Modern Greek drachma — 1833 to euro continuity: research record

Evidence coverage: 1833–2002. This is the span of collected observations, not the currency’s lifetime.

This record includes associated currencies and earlier interpretations. The article selects the evidence relevant to its own history.

← Locate this currency on the tree
Currency continuity

Modern Greek drachma — 1833 to euro continuity

T-FTM000798 · Research draft
One scoped currency identity. Changes to subdivisions, scale, standard, instruments or issuers do not by themselves create children. A distinct account unit can remain a successor.
Dated observations: 1833–2002; this does not establish the entire lifetime.

Parents / predecessors

Greek phoenixcurrency replacement · 1833
↗

Children / successors

Euro — converging national replacementsabsorbed into existing currency · 2001-01-01 · later absorption or contribution
↗
Unit and issue records 3 records

Evidence within this identity, not separate currencies.

Greek drachma (euro-conversion scale)FTM000798 · C684, C685
Greek drachma — pre-November 1944 scaleFTM000907 · C864, C865, C866
Greek drachma — November 1944 scaleFTM000908 · C866, C867

Instruments, coinage & context

Supporting material, not parents or children.

Ancient Greek drachma — naming traditioncoinage family · identity pending

Latest research

Modern name revival is not ancient continuity

The1833 Greek drachma replaced the phoenix and revived an ancient name. This is not an ancient-drachma-to-euro inheritance link.

Sources and qualifications →

Reforms within this currency

1944-11-11Redenomination

The postwar drachma replaced 50 billion occupation-era drachmas. Date of the first postwar banknotes; the underlying law is dated 10 November 1944.

50000000000 Greek drachma — pre-November 1944 scale per 1 Greek drachma — November 1944 scaleV0181 · The postwar drachma replaced 50 billion occupation-era drachmas. Date of the first postwar banknotes; the underlying law is dated 10 November 1944.

C866
1954Redenomination

One new drachma replaced 1,000 postwar drachmas.

1000 Greek drachma — November 1944 scale per 1 Greek drachma (euro-conversion scale)V0182 · One new drachma replaced 1,000 postwar drachmas.

C867
Monetary history 6 events

Includes dated issues, standards, subdivisions and institutional changes. Each event retains the source's date qualifications.

2001-01-01Euro 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.

C684, C685, C646
2002-01-01Euro cash changeover

Greece: euro adoption 2001-01-01; cash 2002-01-01.

C685
1833Currency replacement

Otto’s decree replaced the phoenix with the drachma.

C864
1833Name revival

The modern drachma deliberately reused the ancient Greek currency name. No continuous ancient-to-modern currency or fixed conversion asserted.

C865
1944-11-11Redenomination

The postwar drachma replaced 50 billion occupation-era drachmas. Date of the first postwar banknotes; the underlying law is dated 10 November 1944.

C866
1954Redenomination

One new drachma replaced 1,000 postwar drachmas.

C867
Evidence & research notes 7 claims

Dated observations, not a proven complete lifespan.

Supported C684

1 EUR = 340.750 GRD.

Council of the European Union · Council Regulation (EC) 2866/98 — consolidation at 1 January 2026 Citation S348 · Open source ↗

art.1, Greece currency row; exact decimal retained

Source access and limitations

Article 2’s original 1999 commencement does not backdate later-added currencies.

Country-specific dates come from the separate 974/98 annex.

Supported C685

Greece: euro adoption 2001-01-01; cash 2002-01-01.

Council of the European Union · Council Regulation (EC) 974/98 — consolidation at 1 January 2026 Citation S347 · Open source ↗

Annex, Greece row; arts.2–3 provide substitution

Source access and limitations

Consolidation, not an as-made 1998 text.

National short cash-withdrawal periods and every accession amendment were not individually audited.

Supported C864

Otto’s decree replaced the phoenix with the drachma.

Alpha Bank Numismatic Collection · Silver drachma of King Otto Citation S428 · Open source ↗

The drachma as the new national currency: royal decree of 1833 and ancient name revival

Supported C865

The modern drachma deliberately reused the ancient Greek currency name. No continuous ancient-to-modern currency or fixed conversion asserted.

Alpha Bank Numismatic Collection · Silver drachma of King Otto Citation S428 · Open source ↗

The drachma as the new national currency: royal decree of 1833 and ancient name revival

Supported C866

The postwar drachma replaced 50 billion occupation-era drachmas. Date of the first postwar banknotes; the underlying law is dated 10 November 1944.

Bank of Greece · Drachma banknotes Citation S430 · Open source ↗

Postwar issue: 11 November 1944

Bank of Greece · Drachma coins Citation S431 · Open source ↗

1947/1954 historical section: postwar ratio and 1954 rescaling

Supported C867

One new drachma replaced 1,000 postwar drachmas.

Bank of Greece · Drachma coins Citation S431 · Open source ↗

1947/1954 historical section: postwar ratio and 1954 rescaling

Qualified C2036

The1833 Greek drachma replaced the phoenix and revived an ancient name. This is not an ancient-drachma-to-euro inheritance link.

Alpha Bank Numismatic Collection · Silver drachma of King Otto Citation S428 · Open source ↗

1833 decree, phoenix replacement and ancient-name revival

Supported C646

Regulation 974/98 substitutes the euro for each participating state’s currency on its adoption date; cash changeover is separately defined.

Council of the European Union · Council Regulation (EC) 974/98 — consolidation at 1 January 2026 Citation S347 · Open source ↗

arts.1, 1a, 2–3

Source access and limitations

Consolidation, not an as-made 1998 text.

National short cash-withdrawal periods and every accession amendment were not individually audited.

Find a currency