← Read the currency articleModern 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 treeCurrency 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
Children / successors
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.
Latest research
Modern name revival is not ancient continuityThe1833 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
1944-11-11RedenominationThe 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 1954RedenominationOne 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 substitution1 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 changeoverGreece: euro adoption 2001-01-01; cash 2002-01-01.
C685 1833Currency replacementOtto’s decree replaced the phoenix with the drachma.
C864 1833Name revivalThe modern drachma deliberately reused the ancient Greek currency name. No continuous ancient-to-modern currency or fixed conversion asserted.
C865 1944-11-11RedenominationThe postwar drachma replaced 50 billion occupation-era drachmas. Date of the first postwar banknotes; the underlying law is dated 10 November 1944.
C866 1954RedenominationOne 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.
Supported C867
One new drachma replaced 1,000 postwar drachmas.
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.