Status

Euro-area member since 1 January 2001

Fixed conversion rate

€1 = 340.750 GRD

Adoption of the euro

The euro banknotes and coins were introduced in Greece on 1 January 2002, after a transitional period of one year when the euro was the official currency but only existed as 'book money'. The dual circulation period – when both the Greek drachma and the euro had legal tender status – ended on 28 February 2002.

Exchange of former national currency

The Τράπεζα της Ελλάδος (National Central Bank of Greece) exchanged drachma coins until 1 March 2004 and drachma banknotes until 1 March 2012.

Institutions