FX fact: euro facts
MARKET NEWS
On January 1, 2002, nearly three millennia of currency history will be wiped out as the world’s oldest currency, the drachma, is replaced by the euro. First minted on the Greek island of Aegina, in the 7th century BC, the drachma, meaning ‘handful’, was worth a handful of obols, the currency used by the ancient Greeks -- and in Greek mythology, the coin demanded by ferryman Charon to take dead souls to Hades.
Also minted by Alexander the Great in the fourth century BC, and referred to by Roman
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