Ionian Academy Ionian Academy The Ionian Academy () was the first Greek academic institution established in modern times. It was located in Corfu. It was established by Frederick North, 5th Earl of Guilford in 1824. It is also considered the precursor of the Ionian University. It had Philological, Law and Medical Schools. The first period of existence of its Medical School was from 1824–1828. The second from 1844–1865 (when the Ionian islands united with Greece). Many of the physicians at the Academy had followed the traditional path of studying in Italy, and in particular at the medical School of Bologna. Their scientific
Ionian obol Ionian obol The obol (plural "oboli") was the currency of the United States of the Ionian Islands between 1819 and 1863. Until 1834, 1 obol = 4 "lepta" (singular "lepton"), after which 1 obol = 5 lepta. Throughout its existence, the obol was equal to a British half penny. The obol replaced a series of countermarked coins denominated in Turkish paras and copper gazete coins. The obol was issued by the British and was replaced by the Greek drachma when the Ionian Islands were given to Greece, at a rate of 1 drachma = 20 oboli. The strangest denomination was