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Drachmas

Drachmas Hidden in Mattresses in Greece Are Worth 500 Million Euros

Almost 500 million euros have been taken out of the Greek economy by suspicious Greeks who hid their old drachmas in their mattresses instead of converting them into euros twenty years ago, according to a report from Bloomberg. Naturally, at...

Hollande Book Claims PM Tsipras Wanted Putin to Help Print Drachmas, Gov't Denies It

A Greek government source denied reports in a book by French President Francois Hollande that claims Greek Prime Minister Alexis Tsipras may have called on Russian President Vladimir Putin's assistance to print a Greek currency. The book, "A President...

Sculpture Exhibition with Greek Drachmas

The Greek artist Nikolas Mpenopoulos, inspired by the history and the aesthetics of Greek banknotes, presents his new sculpture exhibition entitled “Typonontas drachmes” (“Printing drachmas”) in the Skoufa gallery, in Kolonaki, Athens. The drachmas of Nikolas Mpenopoulos are enlarged and...

HSBC Tests Cash Machines in Athens for Drachmas

HSBC has tested its cash machines in Greece to check whether they could cope with the reintroduction of the drachma if the country drops out of the euro. It is the clearest sign yet that the international financial sector...

82 Billion Drachmas "Missing"…

In this period of crisis, particularly in Greece, the news that 240 million euros have ''disappeared'' may seem incredible. In fact, the equivalent of this sum in the old currency, 82 billion drachmas, were never exchanged for the new...