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,
Currency currency for each note of a foreign government held, as Ecuador currently does. Each currency typically has a main currency unit (the dollar, for example, or the euro) and a fractional unit, often defined as of the main unit: 100 cents = 1 dollar, 100 centimes = 1 franc, 100 pence = 1 pound, although units of or occasionally also occur. Some currencies do not have any smaller units at all, such as the Icelandic króna. Mauritania and Madagascar are the only remaining countries that do not use the decimal system; instead, the Mauritanian ouguiya is in theory divided into