Greek drachma (Latin Monetary Union)

E82779

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.

All labels observed (3)

Label Occurrences
Greek drachma 4
Greek drachma (Latin Monetary Union) canonical 1
drachma 1

How this entity was disambiguated

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
Italian lira (Latin Monetary Union)
linked to: Italian lira

Luxembourg franc (Latin Monetary Union)
linked to: Luxembourgish franc

Swiss franc (Latin Monetary Union)
linked to: Swiss franc
historicalContext part of 19th-century European monetary integration efforts
issuer 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
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 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

How these facts were elicited

Referenced by (6)

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

French franc (Latin Monetary Union) referenceForExchangeRates Greek drachma (Latin Monetary Union)
Euro replacedCurrency Greek drachma
linked to: Greek drachma (Latin Monetary Union)
Kingdom of Greece currency Greek drachma
linked to: Greek drachma (Latin Monetary Union)
Megara currency drachma
linked to: Greek drachma (Latin Monetary Union)
euro replacedCurrency Greek drachma
linked to: Greek drachma (Latin Monetary Union)
euro replacedCurrency Greek drachma
linked to: Greek drachma (Latin Monetary Union)