0 the standard unit of money used in Greece before the introduction of the euro
The drachma was the principal silver coin among the Greeks, containing sixty-six grains of pure metal, worth about seventeen and a half cents.
Its primary function is to support and stabilise the rate of the drachma.
The country must reintroduce the drachma, as its membership of the euro area is untenable.
You have the problem of the fantastic rise in the drachma exchange.
Additions have been made to their salaries, but in relation to the internal purchasing power of the drachma and not to its value in sterling.
All these people were given an allowance of 17 drachmas a day, which is not even enough to pay the rent of the accommodation that they were forced to occupy.
If the printing press is set to turn out drachma notes by the million, the hundred million, every month, of course things are bound to end in irretrievable disaster.
The drachma went from 12,000 to 20,000, to 30,000, to 40,000, to 50,000, and our advisers told us last week that it very soon might be at 100,000.