Greek lepton pay 'to the very last mite' before being released from prison. In the Hasmonean Kingdom the lepton was first minted under Alexander Jannaeus prior to 76 B.C.E. In modern Greece, "lepton" (modern form: "lepto", λεπτό) is the name of the 1/100 denomination of all the official currencies of the Greek state: the phoenix (1827–1832), the drachma (1832–2001) and the euro (2002–current) – the name is the Greek form of "euro cent". Its unofficial currency sign is Λ (lambda). Since the late 1870s, and until the introduction of the euro in 2001, no Greek coin had been minted with a denomination
Currency board Currency board A currency board is a monetary authority which is required to maintain a fixed exchange rate with a foreign currency. This policy objective requires the conventional objectives of a central bank to be subordinated to the exchange rate target. The main qualities of an orthodox currency board are: The currency board in question will no longer issue fiat money but instead will only issue one unit of local currency for each unit (or decided amount) of foreign currency it has in its vault (often a hard currency such as the U.S. dollar or the euro). The surplus on