When was the third modern drachma introduced and discontinued?

The third modern drachma was introduced in 1954 and remained in circulation until 2001, when it was officially replaced by the euro.

Why was the drachma replaced by the euro?

Greece adopted the euro as part of its integration into the European Union's Economic and Monetary Union, aiming to enhance economic stability and facilitate trade within the Eurozone.

What role did the third modern drachma play in Greek history?

It served as Greece's primary medium of exchange during a period of post-war recovery, economic growth, and eventual European integration, symbolizing the nation's financial sovereignty before euro adoption.

How long was the third modern drachma in circulation?

It circulated for 47 years, making it the longest-lasting iteration of the drachma before its replacement.

third modern drachma

Greek currency from 1954 to 2001

Class type of: modern Greek drachma Q111079828

Facts

3 properties

Instance of: currency
Country: Greece^[2]
Subclass of: modern Greek drachma^[3]

🏷️ Also known as

en third modern drachma

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🔗 Connections

Country 1

Greece

Instance of 1

currency

Subclass of 1

modern Greek drachma

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Summary

third modern drachma is a currency^[1].

References

Programmatic citations — every numbered marker resolves to a verifiable graph row below.

Direct Wikidata claims

Class ancestry

[1] ↑ third modern drachma is an instance of currency (Q8142) [P31, primary]. Wikidata. wikidata.org.

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@misc{4ortxyz_third-modern-drachma_2026, author = {{4ort.xyz Knowledge Graph}}, title = {{third modern drachma}}, year = {2026}, url = {https://4ort.xyz/entity/third-modern-drachma}, note = {Accessed: 2026-05-03}}

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