The income at the time for a skilled worker was 1 drachma a day wiki. Cupro-nickel 50 coins were introduced in 1980. Drachmas were issued in the 5th century BC. two days subsistence living standard for poor family. CoinWeek: Rare Coin, Currency, and Bullion News for Collectors. The Greek Drachma is divided into 100 lepta. An Ancient Greek weight of about 66.5 grains, or 4.3 grams. The spot price of silver is $14.22 per Troy ounce[5]. Metrologists have come to differing conclusions concerning its exact length, but the currently accepted modern equivalents are 296 mm or 11.65 inches. Convert 1000 Drachmas to Pounds with real time Forex rates based on up-to-the-second interbank exchange rates. This seems extremely undervalued to me, can someone whos familiar on the topic confirm this? the Finnish 100 markka issued in 1990), in Poland (the 1986 Polish 500 zloty coin), in Belarus (e.g. Coins dated 1993 are available only in sets, not in circulation. Harris, ed. The drachma was one of the world's earliest coins. Its name derives from the Greek verb meaning to grasp, and its original value was equivalent to that of a handful of arrows. The gold drachma was much rarer. [18] The Greek government again issued notes between 1940 and 1944, in denominations ranging from 50 lepta to 20. The largest Greek island by area is Crete, located at the southern edge of the Aegean Sea. We have broken up our dollar into 4 pieces4 quarters equal 1 dollar or 4 dollars are just four dollars. The Greek Drachma is divided into 100 lepta. At a wage of $20 USD/hr that is approximately $12,000 USD. Articles from Britannica Encyclopedias for elementary and high school students. This was also the price of a lion, if you happened to be in the market for one. wiki has a closer estimate of $3487.5 USD-2015. In 2002 the drachma ceased to be legal tender after the euro, the monetary unit of the European Union, became Greece's sole currency. In an era of relatively static technology, military equipment was often passed down from father to son. The cookie is used to store the user consent for the cookies in the category "Performance". Archaeological researches place the appearance of the drachma around 550 BC. 0.0031136. Adoption of the euro. T. Frank, ed. These cookies track visitors across websites and collect information to provide customized ads. drachma, silver coin of ancient Greece, dating from about the mid-6th century bc, and the former monetary unit of modern Greece. Tetradrachm: were worth 4 drachmae, weighing 17.2 grams. However, you may visit "Cookie Settings" to provide a controlled consent. 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. 3 When did the Greek drachma become the Euro? Save my name, email, and website in this browser for the next time I comment. The drachma was one of the worlds earliest coins. These cookies do not store any personal information. As a soldier, Julius Caesar had a special interest in politics. In the Shakespeare play, Julius Caesar, Brutus makes numerous mistakes. In 1894, cupro-nickel 5, 10 and 20 coins were introduced. With this in mind, he borrowed a large sum of money to put on games, festivals, and other events for the people. Plural of drachma is drachmae (hey, Im catching on!). 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. Greek Drachmae are now obsolete. In 1922, the Greek government issued a forced loan in order to finance their growing budget deficit. The International Monetary Fund last updated the exchange rate on August 18, 2022. How much money did Caesar give to the citizens? An average. 1000 and 500 tugrik from 2005), the Cook Islands (e . Its name derives from the Greek verb meaning "to grasp," and its original value was equivalent to that of a handful of arrows. No 1 or 2 coin had been issued since the late 1870s. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. The diversity of the ancient drachma is all the more important in numismatics as each city minted its own monetary series with its symbol. After Alexander's conquests, the name drachma was used in many of the Hellenistic kingdoms in the Middle East, including the Ptolemaic kingdom in Alexandria and the Parthian Empire based in what is modern-day Iran. [20] The third drachma assumed a fixed exchange rate of 30 per dollar until 20 October 1973: over the next 25 years, the official exchange rate gradually declined, reaching 400 drachmae per dollar. The status and characteristics of ancient and modern-day women in Greece evolved from the events that occurred in the history of Greece. Ancient economies did not work like modern ones, and ancient writers, almost all slave-owning aristocrats who belonged to privileged elites, rarely wrote about the vulgar topic of money. [13] This has nothing to do with the Italian car: https://en.wikipedia.org/wiki/Fiat_money. To know how many drachmas are in $8, look at the currency exchange rates. A way to pay tribute to the history of Greece, to its past and to the first world coin used on the European continent. Pdroceedure pls. Using a currency calculator, you can estimate how many drachmas are in a single dollar. While he has the best intentions, he fails in many ways. When did the drachma become legal tender in Greece? But opting out of some of these cookies may have an effect on your browsing experience. The average value of the Attic drachma is computed to have been about 19 cents. This site uses cookies to improve your browsing experience. 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). An 8.18-gram Roman gold aureus from the time of Julius Caesar (died 44 BCE) would contain gold worth $330.50. Harris, ed. At a wage of $20 USD/hr that is approximately $12,000 USD. Discover regularly ancient drachmas on our shop. The drachma is mentioned in the Bible in the Gospel of Luke . During that time, the government issued denominations of 10 & 50 lepta, and 1, 2 & 5. 1 Greek drachma = 0.0033616 US dollar. Each of them wanted to outdo the others and show their power by minting the most beautiful coinage that would be seen beyond their borders. Although Drachmas were used as far back as the 9th century, modern Drachma Gold Coins date from the mid-19th century. You have to compare rates between civilizations at a closely equal stage of economy. It was divided into six obols of 0.72 grams, which were subdivided into four tetartemoria of 0.18 grams, one of the smallest coins ever struck, approximately 57mm in diameter. The symbol for GRD can be written Dr. A Greek (or "Attic") talent was approximately the mass of water required to fill an amphora and weighed about 26 kilograms (57 lb), therefore a silver drachma should have weighed about 4.3 grams. [n 7]. How much was an ancient drachma worth? 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 coin has been minted, The 20 dollar coins are among the most famous American gold coins. At a wage of $20 USD/hr that is approximately $12,000 USD. Greek Mythology is the set of stories about the gods, goddesses, heroes and rituals of Ancient Greeks. Baltimore: (1940), Harl, Kenneth. It was a common amount in those days, but it still represents an exceptional sum for those who have never spent it. He sees Antony as a limb, and after the death of Caesar, he no longer has any power over his king. [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. That would represent about 972 grams of silver or 64.8 grams of gold (a bit over two troy ounces). 3. Many of the restaurants in the area . Its name derives from the Greek verb meaning to grasp, and its original value was equivalent to that of a handful of arrows. The Bank of Greece issued notes from 1928 until 2001, when Greece joined the Euro. In 100 BC, Julius Caesar was born in Subura, Rome, into an aristocratic family. It was truly the first international currency and circulated throughout Europe and Asia. 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. 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 surviving fragments of the Edict on Maximum Prices[11] we have prices for over a thousand different services and commodities. On 9 April 1953, in an effort to halt inflation, Greece joined the Bretton Woods system. Did we value a low level employee more in 1944 than we do today? The reverse of all coins was altered in 1971 to reflect the military junta which was in power from 1967 to 1974. b : the basic monetary unit of Greece from circa 1831 to 2001. Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. It does not store any personal data. A good cloak cost 500. The Euro is divided into 100 cents. 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.. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Will also mention some comment by Prof. Holt. Drachmas are part of the coinage that gave birth to all modern currencies and the original coin stemmed from the monetary system of Ancient Greece that was developed from 800BC. Cash is no longer king in Greece (even more so after COVID-19,) and almost all establishments accept credit/debit cards. The four-drachma (or shekel) coin would be exactly enough to pay the temple tax (two-drachma coin) for two people. The Athenian tetradrachm was called owl,[6] the Aeginetic stater was called chelone, the Corinthian stater was called hippos (horse) and so on. The drachma in silver was worth six oboloi. Gradually, coins became the main payment methods throughout mainland Greece. He also let Antony speak at the funeral of Caesar, which inspired the crowd to turn against the conspirators. The Good Samaritan in Jesus parable gave the innkeeper two denarii, or about a hundred pounds. To understand the size of Greek Drachmas, it is helpful to know their relative value against the dollar. Roman linear measures were based on the Roman standard foot (pes). The new currency was pegged at 30 drachmae = 1 US dollar. In the fourth century BCE, Greek hoplites (armored infantry) typically received a drachma per day (sometimes supplemented by another drachma to pay for a servant while on campaign)[9]. In the Gospel according to St. Luke, we can read the parable of the lost drachma which inspired many artists in the history of art. The government later issued 100, 500, and 1,000-drachma notes, and the Bank of Greece issued 20,000 and 50,000 notes. On 1 May 1954, the drachma was revalued at a rate of 1,000 to 1, and small change notes were abolished for the last time. Analytical cookies are used to understand how visitors interact with the website. drachma ( plural drachmas or drachmae or drachmai ) The currency of Greece in ancient times and again from 1832 until 2001, with the symbol , since replaced by the euro . The Greek drachma is an older form of Greek currency. Modern drachma coins; Top row, left to right: 10 coin, 20 coin, 50 coin, 1 coin, 2 coin. But Solon, the leader of Athens at the beginning of the sixth century B.C., ordered the minting of 6,300 one-drachma coins from each talent of silver, an instant profit of 5 percent. The Roman drachma is based on the ancient Greek drachma. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Do Men Still Wear Button Holes At Weddings? The word, whose meaning and translation is still uncertain, is. Guide to Biblical Coins, 5th ed. The drachma was divided into 100 lepta. These are worth $10 to $20. 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. Greece is officially a secular state. The New Testament mentions both didrachma and, by implication, tetradrachma in context of the Temple tax. Before 2002 Greek Drachma was the currency of Greece. Brutus actions are disastrous for Rome, but he also fumbles over his choices. 2023 DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. Citizens with certain types of property were excluded from the dole. 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. This cookie is set by GDPR Cookie Consent plugin. Generally, the early Greek stater had a weight of 7 grams, and was normally divisible into three drachmas. A good rough number for today would be 70:1. A stater weighed eight and a half grams. At a wage of $20 USD/hr that is approximately $12,000 USD. Home | About | Contact | Copyright | Report Content | Privacy | Cookie Policy | Terms & Conditions | Sitemap. It is therefore the witness of a part of Greek history and contains a considerable interest for numismatists. Notes were issued by the National Bank of Greece from 1841 until 1928. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. for 60. 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. [5] Bullion prices as of the close of business on Tuesday, 04 September 2018. Although Drachmas were used as far back as the 9th century, modern Drachma Gold Coins date from the mid-19th century. The reason for the real disparity between what silver and gold coins buy today is almost solely due to the promotion of fiat money and the downward manipulation of precious metals. Master Notes For Dawdle Draught in Harry Potter. While every effort has been made to follow citation style rules, there may be some discrepancies. An ox sold for 100 denarii, a calf 20 denarii, and a ram 8 denarii. The coin in the fishs mouth is generally seen as a symbolic act or sign, but there is little agreement concerning what it signifies. 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. Women in Greece. We use the mid-market rate for our Converter. How much was a drachma worth in ancient Greece? How much was a drachma worth in ancient Greece? [16], The drachma was reintroduced in May 1832, shortly before the establishment of the Kingdom of Greece. [21], Coins in circulation at the time of the adoption of the euro[22] were, Gold 20 coin depicting king Othon I, 1833, Gold 20 coin depicting king Georgios I, 1876, Gold 50 coin depicting king Georgios I, 1876, 1 coin during the 19731974 military controlled Republic, 1973, 1 coin depicting Konstantinos Kanaris, 1976, 2 coin with a soldier standing in front of a Phoenix. The denarius was a silver coin the size of a U.S. dime and was worth ten assarii. [7] Ancient laborers probably worked more than an eight-hour day. Lets take a look at the value of the drachma and how it was used by Julius Caesar. A bunch of grapes or ten figs cost 1/16 denarius. Ancient drachma: a thousand-year-old currency. 47. ancient coins. The conversion factor is six significant digits, which means that it is a very accurate representation of the value of your currency. Once you understand these mistakes, youll see why Antony is so hated in Rome. Keep in mind that when we compare labor equivalent values across the centuries, we are comparing an ancient world where muscle power was a primary energy source, to a modern world largely powered by engines, motors, and data networks. You also have the option to opt-out of these cookies. The drachma was one of the world's earliest coins. The drachma was the Greek monetary unit, during Antiquity, but also before the arrival of the euro from 1831 to 2000. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. It is usually thought to be a Tyrian shekel. Drachmae were minted on different weight standards at different Greek mints. The reverse is featured on the national side of the modern Greek 1 euro coin. ( n.) Among the ancient Greeks, a weight of about 66.5 grains; among the modern Greeks, a weight equal to a gram. 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. Previously, the unit of currency was iron cooking-spits. The notion that drachma derived from the word for fistful was recorded by Herakleides of Pontos (387312BC) who was informed by the priests of Heraion that Pheidon, king of Argos, dedicated rod-shaped obeloi to Heraion. Online at Ancient Coins for Education: http://ancientcoinsforeducation.org/content/view/79/98/, Ferguson, Niall. On this Wikipedia the language links are at the top of the page across from the article title. The coin would have been born in Lydia, in Asia Minor. Another way of thinking about the labor equivalent of ancient coins is soldiers pay one of the most important items in the budget of ancient empires. Greek Drachmae are now obsolete. A skilled worker in Athens or a hoplite could earn about one drachma a day. The drachma coin weighed 4.5g and contained 90% silver, with the 20 coin containing 5.8g of gold. The drachma (Greek: Modern: , Ancient: [drakm]; pl. Entdecke GRIECHENLAND 1 DRACHME 1911 SILBER B46 #K3481 in groer Auswahl Vergleichen Angebote und Preise Online kaufen bei eBay Kostenlose Lieferung fr viele Artikel! This article was most recently revised and updated by, drachma - Student Encyclopedia (Ages 11 and up). [9] A hoplite was expected to provide his own armor and weapons, at a cost of 300 to 500 drachmai, but if he survived these would last for many years. Our online exchange service is quick, easy, secure and free of charge. Diocletian, a tough military commander, thought he could simply issue orders to make wages and prices fall into line throughout the Empire. The drachma . Johns Hopkins (1996), Hendin, David. The maximum was reached on Tuesday, 27 September 2022 1 US dollar = 355.1029 Greek drachma the minimum on Sunday, 6 February 2022 1 US dollar = 297.4787 Greek drachma Price history of GRD / USD Is Watch Dogs 2 Multiplayer Cross Platform? Bloomberg estimates that Greeks missed out on a treasure worth almost 500 million euros when they failed to convert their old Greek money to the euro. Ancient finances, the Alexander the Great chapter. The economy was a mess. Thats $39,600 per year in todays money, hardly a low level working mans salary in most areas in the US! By clicking Accept All, you consent to the use of ALL the cookies. 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. In both cases its length was the same. The Armenian dram (Armenian: ) also derives its name from the drachma. grain) as well as metals like silver or gold. The exchange rate was fixed at 340.75 drachmas to 1 euro. The drachma also has multiples, including the didrachma worth two drachmas, the tetradrachma (or stater) worth four drachmas and the decadrachma worth ten drachmas. Being the armor-maker of the King (if you werent a slave) could be a remarkably profitable profession. Theme: Newsup by Themeansar. They write new content and verify and edit content received from contributors. Sculptors and doctors were able to make up to six drachmae daily. The drachma was one of the world's earliest . He later decides not to kill the emperor. 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. Laborers earned 25 d.c. per day. (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. A rare 50-drachma coin fetched a record price of 162,000 euros at an auction in Switzerland recently. On 11 November 1944, following the liberation of Greece from Nazi Germany, old drachma were exchanged for new ones at the rate of 50,000,000,000 to 1. Early denominations ranged from 10 to 500. The Romans were very proud of their drachmas. [20] Only paper money was issued for the second drachma. 1, 2002, the Greek drachma was officially replaced as the circulating currency by the euro. One Drachma is divided into 100 Lepta. The drachma (Greek: Modern:[raxmi], Ancient:[drakm];[n 1] pl. How much would a Roman drachma be worth today? Coinage in the Roman Economy: 300 BC to AD 700. The radical increase in standard of living invalidates that comparison. 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). Drachmae were used by the Greeks and Romans during the time of ancient Rome. Before his death, he planned to build a grand temple dedicated to Mars and a library that would rival Alexandria and Pompey. Brutus also persuades his conspirators to kill Antony. The 50 drachmai banknote was replaced by a coin in 1980. Notable Ptolemaic coins included the gold pentadrachm and octadrachm, and silver tetradrachm, decadrachm and pentakaidecadrachm. The Unjust Steward in the story of Jesus was thrown into prison for overdue debt of a hundred denarii. The most popular Greek Mythology figures include Greek Gods like Zeus, Poseidon & Apollo, Greek Goddesses like Aphrodite, Hera & Athena and Titans like Atlas. The first issue of coins minted in 1954 consisted of holed aluminium 5-, 10- and 20-lepton pieces, with 50-lepton, 1, 2 and 5 pieces in cupro-nickel. drachma, silver coin of ancient Greece, dating from about the mid-6th century bc, and the former monetary unit of modern Greece. How much was an ancient drachma worth? The drachma was first used in Aegina after 600 BCE, and it spread throughout Greece. The mayor would get around 1 drachma, the judge would get 3 oboloi and finally if you were a member of the parliament, then you would land up getting around 1 drachma too. But, fate had other plans for him. The Greek Drachma is the currency in Greece (GR, GRC). 2022 - 2023 Times Mojo - All Rights Reserved The drachma was the Greek monetary unit, during Antiquity, but also before the arrival of the euro from 1831 to 2000. 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. In 2002 the drachma ceased to be legal tender after the euro, the monetary unit of the European Union, became Greeces sole currency. The 20 Drachma is a romantic addition to any coin collection and contains the old-world standard of coin manufacturing, boasting a .900 grade . Now consider a modern soldiers pay. During the time of Julius Caesar, a skilled worker could earn one drachma a day, or about $20 USD per hour. In the ancient world, copper alloys (bronze and brass) formed tools, weapons, statues, cooking vessels and countless other non-coinage uses. 1 January 2002 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. I dont believe we significantly value or pay soldiers or workers today more than they did 2000 years ago. [6] On the London Metal Exchange, the price of copper was $6,670 per tonne on 04 OSept 2018. The weight of the drachma was 4.3 grams in silver /gold, or 66.5 in grains . For a skilled worker in modern-day Athens, one drachma is equivalent to EUR40 per day. 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). A silver 30 coin for the centennial of Greece's royal dynasty was minted in 1963. Check send rates. It is mentioned in Greek mythology, in the New Testament and in the Koran. Coins in denominations from 50 lepta to 20 carried a portrait of King Paul (19471964). 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. A skilled worker in Athens or a hoplite could earn about one drachma a day. . Clothing was costly. (Very small numbers of 50 and 100 coins in gold were also issued.). [11] https://en.wikipedia.org/wiki/Edict_on_Maximum_Prices. 1992 100 Drachmas Greek Coin Alexander The Great and The Vergina Star Rare $50.00 Free shipping or Best Offer Greece Gold Brass Drachma Coin - greek owl 1973 vintage authentic - NEAR MINT $9.99 $4.99 shipping Greece 2 Drachmai 1973 UNC World Coin Greek Owl Phoenix Bird Pendant 24k gp $14.99 0 bids $4.80 shipping 6d 14h 1 Athenian Talent at the higher ratio would have 24.3 kg pure silver or 27.0 kg at face weight. 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. In todays currency, thats about $254 USD. What is the most popular religion in Greece today? One EUR is equivalent to 340.750 GRD. Vehicle traffic during the day was limited to carts and those with special licenses. Required fields are marked *. They were often depicted in the Bible. We also use third-party cookies that help us analyze and understand how you use this website. The dual circulation period when both the Greek drachma and the euro had legal tender status ended on 28 February 2002. What is the Best Melee Weapon in Minecraft Dungeons? If you are curious and want to follow along, Ill be spending a bit of time looking at some details of ancient finance. Lets work with 4.5 g and ignore variations from city to city. Greek coins catalog . The origin lies in the Greek word 'dragma', meaning 'handful', pointing to a handful of 'obols', equal to one-sixth of a drachma. Struck between 1849 and 1933, these coins. A 20 coin in cupro-nickel with an image of Europa on the obverse was issued in 1973. 1.00 Greek Drachma = 0.00 31084926 US Dollars 1 USD = 321.699 GRD GRD replaced by EUR We use the mid-market rate for our Converter. The early drachma had different weights in different regions. Monday, 27 February 2023. If your knowledge of ancient finances is comparable to mine, that is to sayapproximately zero, please feel free to join me on a journey to learn a few details. 1a : any of various ancient Greek units of weight. ), whereas classical historians regularly say that in the heyday of ancient Greece (the fifth and fourth centuries) the daily wage for a skilled worker or a hoplite [4] was [17] It replaced the phoenix at par. A meaningful answer must usually begin: "It's complicated." A more complete answer might include "It depends" In our global economy, where almost everything is instantly convertible into cash, we.
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