What is the name for the money they used in Ancient Greece?
Before 600 B.C. there was no monetary system in Greece, so they utilized the barter system. This was a system of trading goods and services for other goods or services. By 500 B.C., each city-state began minting their own coin. A merchant usually took coins from their own city only. Visitors had to find a money changer to exchange their coins. Typically a 5-6% fee was charged to exchange visitor’s currency to the local currency.
Initially a drachma was a …