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70 drachmae = 1 mina, or later it was 100 drachmae, 17,010 g = 17.01 kg = 1 Athenian talent = 60 minae = 4,200 drachmae, 1 Athenian talent would have 17.01 kg pure silver or 18.9 kg at face weight. Pdroceedure pls. Civil taxes to Rome had to be paid in this coin. A skilled worker in Athens or a hoplite could earn about one drachma a day. On January 1, 2001, Greece officially joined the European Economic and Monetary Union, adopting the Euro for all purposes. You won't receive this rate when sending money. Proudly powered by WordPress However, as Chiron stated in The Lightning Thief, the gods never use anything less than pure gold. The 50 drachmai banknote was replaced by a coin in 1980. It was so called because it corresponds to six obol coins, the maximum number of coins that could be held in one hand. The government later issued 100, 500, and 1,000-drachma notes, and the Bank of Greece issued 20,000 and 50,000 notes. The National Bank of Greece introduced 1,000 notes in 1901, and the Bank of Greece introduced 5,000 notes in 1928. At the risk of oversimplification, we can think of a small copper as the price of a loaf of bread, a pure silver coins as a workers daily wage, and a gold coin as the price of a good horse[12]. Wikipedia has some information about the Greek drachma which seems plausible. This is the coin rendered "pence" and "penny" in the King James Version. 2a : an ancient Greek silver coin equivalent to six obols. But what is todays value of a US dollar in terms of ancient Athenian drachmai, or ancient Roman sestertii? 1 How much was a drachma worth in ancient Greece? The second largest island is Euboea, which is separated from the mainland by the 60m-wide Euripus Strait, and is administered as part of the Central Greece region. According to Barrons National Business and Financial Weekly, April 24, 1944, the average Private soldier left a job that was typically on the lower economic rung paying $3600 per year to join the armed services. Drachmae were minted on different weight standards at different Greek mints. A cow would cost somewhere between 25 and 51 drachmas and we have examples of the prices of slaves from an auction of a man's property: a slave child from Caria (in present-day Turkey) cost 75 drachmas, a woman from Thrace (present-day north-eastern Greece, north-western Turkey and southern Bulgaria) cost 135 and a man from Syria cost 301. New coins were introduced in 1966, ranging from 50 lepta to 10, depicting King Constantine II (19641974). A new series of all 8 denominations was introduced in 1976 carrying images of early national heroes on the smaller values. Vehicle traffic during the day was limited to carts and those with special licenses. These accomplishments were only possible due to his great wealth and ability to attract soldiers. Clothing was costly. They were equal in value to about 25 U.S. dollars in 2006; however, the drachma was worth far more than this. He then meets Antonys army in Philippi, where he awaits the arrival of the enemy. What is Spawning Protection in Minecraft. You should plan to spend around 123 ($143) per day on your vacation in Greece, which is the average daily price based on the expenses of other visitors. This is for informational purposes only. The highest price on record for a modern horse is US$16 million. The drachma also has multiples, including the didrachma worth two drachmas, the tetradrachma (or stater) worth four drachmas and the decadrachma worth ten drachmas. Athens and Corinth soon followed Aegina's lead. At the time, citizens expected quality entertainment. . Not minted but remained legal tender (not in actual use in 2002). Roman leaders believed that varied entertainment would keep people happy. Lets take a look at the value of the drachma and how it was used by Julius Caesar. Below are the denominations of Ancient Greek coins: Dekadrachm: were worth 10 drachmae, weighing 43 grams. Using a currency calculator, you can estimate how many drachmas are in a single dollar. The other drachmas that were very successful throughout history were those of the Kingdom of Macedonia, and particularly those of the reign of Philip II. GRD replaced by EUR. There were many states minted fractions of drachmas, like in Ptolemaic Egypt, which minted large coins in gold, silver, and bronze. Greece is officially a secular state. At this time, a drachma was worth almost 10.5 choenix of wheat. Smaller denominations (1, 2, 3 and 5) were issued from 1885, with the first 5 notes being made by cutting 10 notes in half. These cookies will be stored in your browser only with your consent. Elites used gold coins for purchases of luxury goods, property, and slaves. The income at the time for a skilled worker was 1 drachma a day wiki. On surviving fragments of the Edict on Maximum Prices[11] we have prices for over a thousand different services and commodities. I like to do guesswork math on the value of things in pre-industrial society, and often I keep reading internet sources (wiki included) repeating the idea that a silver drachma, a coin containing roughly 6 to 7 4 grams of silver, was worth the daily salary of a common labourer in ancient Greece (give or take, 3rd century BCE). We are comparing gold that was mined with slave labor and refined in charcoal-fired furnaces to gold that is mined with huge diesel-powered shovels and refined with modern physical and chemical methods. In our global economy, where almost everything is instantly convertible into cash, we can state precise exchange rates: one US dollar is worth 0.86 euro or 0.97 Swiss francs, or 0.78 British pounds[2]. https://en.wikipedia.org/wiki/Edict_on_Maximum_Prices, http://ancientcoinsforeducation.org/content/view/79/98/, Unique and Unusual Coins French Colonial Regulated Gold with Countermarks, BEP and US Mint Merge E-Commerce for Better Customer Experience, Lesser Known History of the US Mint in Saudi Gold and Other Tales, Bitcoins and Physical Cryptocurrency in Stacks Bowers Auction. Its name derives from the Greek verb meaning to grasp, and its original value was equivalent to that of a handful of arrows. If you are already somewhat familiar, feel free to either roll your eyes as I flounder along or chuckle on how slow I am to catch on. A talent (Latin: talentum, from Ancient Greek: "scale, balance") is an ancient unit of mass; it corresponded generally to the mass of water in the volume of an amphora, i.e. Modern commentators derived from Xenophon[11] that half a drachma per day (360 days per year) would provide "a comfortable subsistence" for "the poor citizens" (for the head of a household in 355BC). Sculptors and doctors were able to make up to six drachmae daily. What is the religion of Greece? Once you understand these mistakes, youll see why Antony is so hated in Rome. A Modern Greek Coin 50 Drachma 1926 Specifically, the exchange rate was 50,000,000,000:1. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The status and characteristics of ancient and modern-day women in Greece evolved from the events that occurred in the history of Greece. In late 1973, several new coin types were introduced: unholed aluminium (10 and 20), nickel-brass (50 lepta, 1, and 2) and cupro-nickel (5, 10, and 20). But I wonder, since prices for goods and services arent mentioned (except for the Edict on Maximum Prices, which, as you pointed out, is the yesteryear price control scheme), whether the middle class (probably the military) were able to, over time amass their equivalent to 1 million dollars. The income at the time for a skilled worker was 1 drachma a day wiki. It is mandatory to procure user consent prior to running these cookies on your website. This is how the Greeks got their name drachma. During that time, the government issued denominations of 10 & 50 lepta, and 1, 2 & 5. Notable Ptolemaic coins included the gold pentadrachm and octadrachm, and silver tetradrachm, decadrachm and pentakaidecadrachm. In todays currency, thats about $254 USD. The Greek Drachma is the currency in Greece (GR, GRC). A way to pay tribute to the history of Greece, to its past and to the first world coin used on the European continent. We also use third-party cookies that help us analyze and understand how you use this website. A 4.5 gram silver drachma was 90% silver. A skilled worker in Athens or a hoplite could earn about one drachma a day. The Greek Drachma is divided into 100 lepta. Before 2002 Greek Drachma was the currency of Greece. This drachma also suffered from high inflation. An obol is an ancient Greek coin that has one-sixth the value of a drachma . Otherwise these coins are worth less than $1 each. Why is drachma significant? We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. This coin was widely used in the eastern Roman Empire. Roman soldiers were paid 225 denarii per year, beginning in the first century BCE and continuing until the reign of the emperor Domitian (ruled 81-96 CE), who raised the rate to 300 denarii. It is mentioned in Greek mythology, in the New Testament and in the Koran. The cookies is used to store the user consent for the cookies in the category "Necessary". Let us know if you have suggestions to improve this article (requires login). In 44 BC, he was killed by Lucius Cornelius Sulla. In the holy land, an amphora of olive oil from Galilee cost one denarius. In our world, a small and diminishing number of farmers can each feed themselves and over 50 others[8]. Fractions and multiples of the drachma were minted by many states, most notably in Ptolemaic Egypt, which minted large coins in gold, silver and bronze. Price history of USD / GRD. The highest-priced item on record is purple silk, reserved for the Imperial household, at 150,000 dc per pound. He takes part in the rise of the kingdom from the IVth century and extends its domination on continental Greece. Initially a drachma was a fistful (a "grasp") of six oboloi (metal sticks), which were used as a form of currency as early as 1100 BC. It was the Greeks who first gave us the stater, a term that means simply "weight." The first staters were made of silver and bore the stamp of an authority authenticating its weight. and our In 100 BC, Julius Caesar was born in Subura, Rome, into an aristocratic family. As a soldier, Julius Caesar had a special interest in politics. The drachma was one of the world's earliest coins. The coin in the fishs mouth is generally seen as a symbolic act or sign, but there is little agreement concerning what it signifies. These provisional coins carried the design of the phoenix rising from the flame on the obverse, and used the country's new designation as the "Hellenic Republic", replacing the coins also issued in 1973 as the Kingdom of Greece with King Constantine II's portrait. In 1954, in an effort to halt inflation, the country joined the Bretton Woods fixed currency system until it was abolished in 1973. The exact exchange value of each was determined by the quantity and quality of the metal, which reflected on the reputation of each mint. First in silver, then in bronze, it is divided into eight chalkos or twelve depending on the region of Greece. The drachma was subdivided into 100 lepta. To know how many drachmas are in $8, look at the currency exchange rates. It featured the helmeted profile bust of Athena on the obverse (front) and an owl on the reverse (back). Cupro-nickel 50 coins were introduced in 1980. 320.68 631 Greek Drachmae. Nevertheless, as foreign invaders gained control in Greece, the drachma disappeared from use. drachma, silver coin of ancient Greece, dating from about the mid-6th century bc, and the former monetary unit of modern Greece. No, the sole difference is the pernicious effect of the fiat dollar on the wealth of the Middle Class of America. Between 1926 and 1930, a new coinage was introduced for the new Hellenic Republic, consisting of cupro-nickel coins in denominations of 20, 50, 1, and 2; nickel coins of 5; and silver coins of 10 and 20. What Was Money in Ancient Greece?, The Monetary Systems of the Greeks and Romans. I suspect that the poor remained poor and never retired, the middle class remained there until death, infrequently retiring, and the rich probably had more to fear of displeasing the politicians (if they werent politicians themselves, as they would probably not be in a money-losing deal for very long. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. There is a special Attic numeral, U+10142 GREEK ACROPHONIC ATTIC ONE DRACHMA, for the value of one drachma but it fails to render in most browsers.[24]. On this Wikipedia the language links are at the top of the page across from the article title. It was a common amount in those days, but it still represents an exceptional sum for those who have never spent it. The . However, some historians have estimated that in the 5th century BC a drachma had a rough value of 25 U.S. dollars (in the year 1990 equivalent to 40 USD in 2006). It can also be found on many other European and non-European coins: in Greece (e.g. If you are curious and want to follow along, Ill be spending a bit of time looking at some details of ancient finance. In the ancient world, copper alloys (bronze and brass) formed tools, weapons, statues, cooking vessels and countless other non-coinage uses. The Euro is divided into 100 cents. The drachma is mentioned in the Bible in the Gospel of Luke . Ancient drachma: a thousand-year-old currency. The cookie is used to store the user consent for the cookies in the category "Analytics". This cookie is set by GDPR Cookie Consent plugin. Save my name, email, and website in this browser for the next time I comment. Harris, ed. Its name derives from the Greek verb meaning "to grasp," and its original value was equivalent to that of a handful of arrows. At this price, the silver in an Athenian tetradrachm (the most important trade coin in the Mediterranean world of the fifth century BCE) would be worth $8.20, and a denarius of the Roman Republic from the time of Julius Caesar would be worth about $2 (these coins were nearly pure silver; modern silver coins are typically alloyed with about 10% copper for improved wear resistance). What Should You Use to Gather Water and Lava in Minecraft? [n 3] It is believed that the same word with the meaning of "handful" or "handle" is found in Linear B tablets of the Mycenean Pylos. This unit was divided into 16 digits or into 12 inches. 1 GRD = 0.00311831 USD. drachma, silver coin of ancient Greece, dating from about the mid-6th century bc, and the former monetary unit of modern Greece. So, the relative value of gold to silver today is dramatically different from what the Wikipedia article reports for silver and gold drachmas. T. Frank, ed. How Much is 75 Drachmas Worth in Ancient Greece? A silver 30 coin for the centennial of Greece's royal dynasty was minted in 1963. Here are two data points: So that gives a valuationof 2 drachmaes equaling a days pay for a skill construction worker or hired military soldier. from CoinWeek Supplies for 25% off Cover Price. Taking todays US$7.25 minimum hourly wage for comparison, a days labor would be worth $58[7]. It's a site that collects all the most frequently asked questions and answers, so you don't have to spend hours on searching anywhere else. Each city would mint its own and have them stamped with recognizable symbols of the city, known as badge in numismatics, along with suitable inscriptions, and they would often be referred to either by the name of the city or of the image depicted. However, some historians have estimated that in the 5th century BC a drachma had a rough value of 25 U.S. dollars (in the year 1990 - equivalent to 40 USD in 2006). All major cards are accepted widely in Greece at key tourist hubs. Cash is no longer king in Greece (even more so after COVID-19,) and almost all establishments accept credit/debit cards. a one-foot cube.. A skilled worker in Athens or a hoplite could earn about one drachma a day. It was originally set at 1/6 drachma by Pericles, until, Cf. Schaps, David. Historical US dollar / Greek drachma History of daily rates USD /GRD since Monday, 31 January 2022. Historically, the drachma was the currency of many Greek city states. The exchange rate for the Euro was last updated on July 19, 2021 from The International Monetary Fund. But opting out of some of these cookies may affect your browsing experience. US Dollar to Greek Drachma conversion Last updated Mar 2, 2023, 10:15 UTC. It is usually thought to be a Tyrian shekel. Ancient Greek Drachma The Greek drachma was originally defined as 1/6000th of a talent of silver (a talent was a unit of weight equal to about 56 pounds). It was the standard unit of silver coinage at most ancient Greek and Roman mints, and the name 'obol' was used to describe a coin that was one-sixth of a drachma. b : any of various modern units of weight especially : dram entry 1 sense 1a. One obol became the equivalent of one spit. According to one concept, a coin is a piece of precious metal whose value is essentially equivalent to the value of the bullion from which it was made, and the stamp on its face is merely a guarantee that it has (or had when minted) a particular weight and purity. Usually, prices were rounded up to the next multiple of 10 drachmae. At a wage of $20 USD/hr that is approximately $12,000 USD. Unenforceable, within a few years the edict was ignored, and the engraved stone tablets set up in the markets were recycled as building blocks which is how the text survived. How much was a drachma worth in ancient Greece? However, some historians have estimated that in the 5th century BC a drachma had a rough value of 25 U.S. dollars (in the year 1990 - equivalent to 40 USD in 2006). So that would not be minimum wage, but more along the line of a carpenter or mason. Is Greek drachma worth . Thats $39,600 per year in todays money, hardly a low level working mans salary in most areas in the US! Greek coins catalog . Past travelers have spent, on average, 32 ($37) on meals for one day and 24 ($28) on local transportation. This cookie is set by GDPR Cookie Consent plugin. (Very small numbers of 50 and 100 coins in gold were also issued.). Lets work with 4.5 g and ignore variations from city to city. Drachma: were worth 6 obols, weighing 4.3 grams. . [3][n 4] Initially a drachma was a fistful (a "grasp") of six obolo or obelo (metal sticks, literally "spits") used as a form of currency as early as 1100BC and being a form of "bullion": bronze, copper, or iron ingots denominated by weight. There were 6,000 drachmae in an Attic talent. The Greek Drachma is divided into 100 lepta. However, some historians have estimated that in the 5th century BC a drachma had a rough value of 25 U.S. dollars (in the year 1990 equivalent to 40 USD in 2006). No 1 or 2 coin had been issued since the late 1870s. Jefferson said it best, If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conqueredI believe that banking institutions are more dangerous to our liberties than standing armies The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.. What Things Cost in Ancient Rome. Bottom row, left to right: 100 coin, 500 coin. [8] Less than two percent of the US population is employed in agriculture. In the Shakespeare play, Julius Caesar, Brutus makes numerous mistakes. An average. It is one of the earliest forms of currency known , dating back to the 5th century B.C. Coins have always been the ideal medium for spreading an image to the greatest number of people, over a vast, The Gold Sovereign is an iconic coin of the United Kingdom; a symbol of English political power that has spanned over 500 years of history. But opting out of some of these cookies may have an effect on your browsing experience. Julius Caesar's will specified a gift of 75 Attic drachma's for every roman citizen. A 50-drachma coin minted in 1876 just sold for the record price of 162,000 euros at an auction in Switzerland. Throughout the history of ancient coins two contradictory concepts have competed with each other. In an era of relatively static technology, military equipment was often passed down from father to son. [10] In practice this is usually increased significantly by various allowances such as housing. the minimum on Tuesday, 27 September 2022. The birth of coinage in wider Greece, though, was not really an invention of convenience but a necessity, driven by the need to . Religion in Greece is dominated by the Greek Orthodox Church, which is within the larger communion of the Eastern Orthodox Church. That would be about 182.5 drachmas for a year for poor people. Date. Its name derives from the Greek verb meaning "to grasp," and its original value was equivalent to that of a handful of arrows. grain) as well as metals like silver or gold. That same amount is equal to about 40 USD today. On 4/30/16, the Wall Street Journal commodities page shows: Those three ratios are roughly comparable to each other. A 20-drachma gold coin contained 5.8 g of gold. In the ancient world, most workers were farmers and they struggled to feed themselves and a few others. Check send rates. Article in Wikipedia says some economists and historians say one drachma in the 5th century (let me do a mental calculation that would be from about 499BC to 401BC) was about US$25 in 1990 or US$46.50 in 2015. The Greek drachma was the currency of Greece before it was replaced by the . (This particular unit was paid in drachmas which was comparable to the denarii) Multiply that by three and he would have earned 641 drachmas in pay for a year.Remember that the pay of the Roman. So in terms of the gold standard, Americans value a foot soldier more than five times as highly as ancient Greeks, and more than eight times as much as ancient Romans did. When Greece finally achieved its independence from the Ottoman Empire in 1828, the phoenix was introduced as the monetary unit; its use was short-lived, however, and in 1832 the phoenix was replaced by the drachma, adorned with the image of King Otto, who reigned as modern Greeces first king from 1832 to 1862. Location 1797 says guests at a banquet could eat 160 drachma of food which was 80 days pay for a mercenary of the day. The first Greek coins appeared in Aegina c. 600 BCE (or even earlier) which were silver and used a turtle as a symbol of the city's prosperity based on maritime trade. The drachma is considered the most important currency of the time. Theme: Newsup by Themeansar. The notes were then cut in half, with the portion bearing the Greek crown standing in for the bonds while the other half was exchanged for a new issue of central bank notes at half the original value. This mistake leads to his downfall, and he is forced to kill Antony in order to get the power back. An ox sold for 100 denarii, a calf 20 denarii, and a ram 8 denarii. In 1922, the Greek government issued a forced loan in order to finance their growing budget deficit. Gold coin = 20 drachma = 5.8 gram gold blended or 5.32 g pure gold at 22/24 carats. This design included a soldier standing in front of the flames of the rising phoenix and the date of the coup d'tat, April 21, 1967. Sculptors and doctors were able to make up to six drachmae daily. 1000 and 500 tugrik from 2005), the Cook Islands (e . Drachma, silver coin of ancient Greece, dating from about the mid-6th century bc, and the former monetary unit of modern Greece. The dual circulation period when both the Greek drachma and the euro had legal tender status ended on 28 February 2002. The coin would have been born in Lydia, in Asia Minor. Adoption of the euro. While every effort has been made to follow citation style rules, there may be some discrepancies. Previously, the unit of currency was iron cooking-spits. It was derived from the Greek word drach-, which means grab. W.V. Image: Courtesy of Flickr by Carole Raddato. Attempting to convert drachma-44BCE to USD-2015 seems very difficult and requires a lot of . That would reflect the later ratio of 100 drachmae to 1 mina mentioned above. These are worth $10 to $20. You also have the option to opt-out of these cookies. Credit: Peeperman/Fair use. The denarius was a silver coin the size of a U.S. dime and was worth ten assarii. The drachma was Greeces national currency from 1833 to 1 January 2002, when euro banknotes and coins were put into circulation in Greece, at the same time as in the other euro area countries. Including various benefits and subsidies, the annual salary for a legionary soldier was 15,400 d.c., and a member of the Praetorian Guard got 19,100. Luke's Gospel includes a parable told by Jesus of a woman with 10 drachmae, who lost one and searched her home until she found it. Laborers earned 25 d.c. per day. Amphora (2010). Collectors can own their own piece of history with Greek 20 Drachma gold coins.The modern gold coins date back to the 19 th Century, but the tradition and values date back to the time of ancient Greece. They write new content and verify and edit content received from contributors. When Greece finally achieved its independence from the Ottoman Empire in 1828, the phoenix was introduced as the monetary unit; its use was short-lived, however, and in 1832 the phoenix was replaced by the drachma, adorned with the image of King Otto of Greece, who reigned as modern Greece's first king from 1832 to 1862. What is the Best Melee Weapon in Minecraft Dungeons? Do Men Still Wear Button Holes At Weddings? The New Testament mentions both didrachma and, by implication, tetradrachma in context of the Temple tax. A 20 coin in cupro-nickel with an image of Europa on the obverse was issued in 1973. This cookie is set by GDPR Cookie Consent plugin. Obol. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. New comments cannot be posted and votes cannot be cast. To convert Greek drachmas to US dollars, you need to know the exchange rate. EMMY NOMINATIONS 2022: Outstanding Limited Or Anthology Series, EMMY NOMINATIONS 2022: Outstanding Lead Actress In A Comedy Series, EMMY NOMINATIONS 2022: Outstanding Supporting Actor In A Comedy Series, EMMY NOMINATIONS 2022: Outstanding Lead Actress In A Limited Or Anthology Series Or Movie, EMMY NOMINATIONS 2022: Outstanding Lead Actor In A Limited Or Anthology Series Or Movie. We use the mid-market rate for our Converter. That would buy over 40 kilograms of silver, or about 555 grams (18.2 troy ounces) of gold at current rates. It was replaced with the Euro (EUR) on January 1, 2001. [16], The drachma was reintroduced in May 1832, shortly before the establishment of the Kingdom of Greece. footnote 18 of H. G. Dakyns's translation of, British Museum Catalogue 11 Attica Megaris Aegina, National and Kapodistrian University of Athens, Drachmi Greek Democratic Movement Five Stars, Economic history of Greece and the Greek world, "Two Linear B documents from Bronze Age Pylos", "The Greek Financial Crises: Getting by with the Half-Drachmai | PMG", Overview of the modern Greek drachma from the BBC, Economic and Monetary Union of the European Union, European Financial Stabilisation Mechanism, https://en.wikipedia.org/w/index.php?title=Greek_drachma&oldid=1141849092, Articles containing Ancient Greek (to 1453)-language text, Articles containing Mycenaean Greek-language text, Articles with unsourced statements from January 2020, Articles containing Armenian-language text, Articles with German-language sources (de), Creative Commons Attribution-ShareAlike License 3.0, Banknote and Securities Printing Foundation, Brown and violet (obverse); Maroon, green and orange (reverse), The golden drachma is the main unit of currency in, The drachma is also mentioned in William Shakespeare's, This page was last edited on 27 February 2023, at 03:47. This seems extremely undervalued to me, can someone whos familiar on the topic confirm this? Why Do Cross Country Runners Have Skinny Legs? drachma, silver coin of ancient Greece, dating from about the mid-6th century bc, and the former monetary unit of modern Greece. drachmae or drachmas) was the currency used in Greece during several periods in its history: The name drachma is derived from the verb (drssomai, "(I) grasp"). Diocletian, a tough military commander, thought he could simply issue orders to make wages and prices fall into line throughout the Empire. Modern currency is primarily fiat money[13], with a value determined by the government, while ancient money was largely a commodity money, with values determined by the supply and demand of precious metals. While the laws are incomplete, the first six sections deal with grain dole and eligibility for it. . They are described as big as Girl Scout cookies by Percy, and are used by the gods and demigods. He orders to strike the obverse of the ancient drachmas with the portrait of Zeus and its own portrait with a horse on the reverse or a young naked rider with the insignia of the victory. For the Roman successors of the drachma, see Roman provincial coins. At Kindle location 1782 the comment says Alexander capped the cost of a banquet at 10,000 drachmas which is 5,000 days pay for a skilled Greek construction worker. The euro banknotes and coins were introduced in Greece on 1 January 2002, after a transitional period of one year when the euro was the official currency but only existed as book money. The Drachma was reintroduced in 1832 after the formation of modern-day Greece. This category only includes cookies that ensures basic functionalities and security features of the website. During the GermanItalian occupation of Greece from 1941 to 1944, catastrophic hyperinflation caused much higher denominations to be issued, culminating in 100,000,000,000 notes in 1944.