Greek drachma Greek drachma Drachma ( , ; pl. "drachmae" or "drachmas") was the currency used in Greece during several periods in its history: It was also a small unit of weight. The name "drachma" is derived from the verb (, "(I) grasp"). It is believed that the same word with the meaning of "handful" or "handle" is found in Linear B tablets of the Mycenean Pylos. Initially a drachma was a fistful (a "grasp") of six "oboloí" or "obeloí" (metal sticks, literally "spits") used as a form of currency as early as 1100 BC and being a form of "bullion": bronze,
Bulgaria and the euro how to let a country using a currency board join the euro. The Prime Minister has stated the desire to keep the currency board until the euro was adopted. However, factors such as a high inflation, an unrealistic exchange rate with the euro and the country's low productivity are negatively affected by the system. Simeon Dyankov, Bulgaria's then-finance minister, said in September 2009 that Bulgaria planned to enter ERM II in November 2009, but this was delayed. It was then delayed further due to an increased budget deficit, outside the Maastricht criteria. Since 2011, Bulgaria's non-membership of the ERM has