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What currency did Greece use before switching to the Euro?

User Kimmen
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Final answer:

Greece used the Greek Drachma before adopting the Euro in 2001 for electronic use and in 2002 for cash. The transition to a common currency such as the Euro can be influenced by economic and policy factors.

Step-by-step explanation:

Before switching to the Euro, Greece used a currency called the Greek Drachma. The Greek Drachma was replaced by the Euro in 2001 for electronic transactions and in 2002 for cash transactions.

Countries decide to switch to a common currency for several potential benefits, such as reducing exchange rate fluctuations and facilitating trade. However, countries might consider reverting back to their own currency due to problems like a lack of control over monetary policy, economic downturns, or a desire to address national economic issues independently.

User Henrov
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