Greek drachma (Latin Monetary Union)

E82779

historical currency unit member currency of the Latin Monetary Union national currency

The Greek drachma (Latin Monetary Union) was the version of Greece’s national currency aligned with the 19th–20th century Latin Monetary Union standards, facilitating fixed exchange and convertibility with other member states’ coins.

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Observed surface forms (2)

Surface form	Occurrences
Greek drachma	3
drachma	1

Statements (41)

Predicate	Object
instanceOf	historical currency unit ⓘ member currency of the Latin Monetary Union ⓘ national currency ⓘ
alignment	aligned with French franc-based Latin Monetary Union unit of account ⓘ
category	Greek currency ⓘ Latin Monetary Union currencies ⓘ defunct currencies of Europe ⓘ
convertibility	freely convertible with other Latin Monetary Union currencies at fixed rates ⓘ
country	Kingdom of Greece ⓘ
currencyOf	Greece ⓘ
denominationSystem	decimal ⓘ
economicRole	medium of exchange in Greece compatible with Latin Monetary Union coinage ⓘ
feature	coins minted to common Latin Monetary Union specifications ⓘ participated in a system of near-parity coin circulation among member states ⓘ
fixedExchangeWith	Belgian franc (Latin Monetary Union) ⓘ French franc (Latin Monetary Union) ⓘ surface form: French franc Italian lira ⓘ surface form: Italian lira (Latin Monetary Union) Luxembourgish franc ⓘ surface form: Luxembourg franc (Latin Monetary Union) Swiss franc ⓘ surface form: Swiss franc (Latin Monetary Union)
historicalContext	part of 19th-century European monetary integration efforts ⓘ
issuer	Government of Greece ⓘ surface form: Greek government National Bank of Greece ⓘ
legalStatus	legal tender in Greece ⓘ
metalStandard	gold ⓘ silver ⓘ
monetaryPolicyFeature	aligned fineness and weight of coins with Latin Monetary Union norms ⓘ
monetaryRegime	bimetallic standard coordinated with Latin Monetary Union ⓘ
monetaryUnion	Latin Monetary Union ⓘ
pegTarget	French franc (Latin Monetary Union) ⓘ surface form: French franc
period	early 20th century ⓘ late 19th century ⓘ
purpose	enable international trade and payments within the Latin Monetary Union area ⓘ facilitate fixed exchange with other Latin Monetary Union member states ⓘ
region	Europe ⓘ
relatedCurrency	modern Greek drachma ⓘ
relatedTo	Latin Monetary Union ⓘ surface form: Latin Monetary Union treaty of 1865
standard	Latin Monetary Union bimetallic standard ⓘ
subunit	lepton ⓘ
subunitRatio	1 drachma = 100 lepta ⓘ
usedIn	Greece ⓘ
valueParity	1 drachma ≈ 1 French franc under LMU standard ⓘ

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

Kingdom of Greece → currency → Greek drachma (Latin Monetary Union) ⓘ

this entity surface form: Greek drachma

Megara → currency → Greek drachma (Latin Monetary Union) ⓘ

this entity surface form: drachma

French franc (Latin Monetary Union) → referenceForExchangeRates → Greek drachma (Latin Monetary Union) ⓘ

Euro → replacedCurrency → Greek drachma (Latin Monetary Union) ⓘ

this entity surface form: Greek drachma

euro (indirectly, via later French franc) → replacedCurrency → Greek drachma (Latin Monetary Union) ⓘ

subject surface form: euro

this entity surface form: Greek drachma