Information about currency: Cretan Drachma

Cretan Drachma (1900 - 1917)
Currency NameCretan Drachma
System1 Drachma = 100 Lepta
Description

The Cretan State (Greek: Κρητική Πολιτεία, Kritiki Politia; Ottoman Turkish: كريد دولتى‎, Girit Devleti), was established in 1898. The country issued its own Drachma coinage based on the Greek Drachma. Coins were only issued in 1900 and 1901 (minted at the Paris Mint). They feature symbols of the Kingdom of Greece, reflecting the desire of Crete to unite with Greece, which happened de facto in 1908 and de jure in 1913.

Prince George of Greece was appointed as the first High Commissioner (representative of the Great Powers) in 1898 and was replaced as such in 1906. Even though he was not a monarch or even head of state, he did have his effigy and legend on some of the coins.

The Bank of Crete (Τράπεζα Κρήτης, Banque du Cretè) was established in 1898 and received the exclusive privilege, for thirty years, of issuing banknotes in the island of Crete. This right was retained after the unification of Crete with the mainland. The National Bank of Greece wholly acquired, and subsumed the Bank of Crete in 1919. Cretan banknotes were therefore issued from 1901 through to 1917 - some years after the state no longer existed.

Coin Types in currency: Cretan Drachma (9)
Coin TypeTypeFromToSub-typesCoins
Twenty Lepta Regular Circulating 1900 1900 1
Ten Lepta Regular Circulating 1900 1900 1
Five Lepta Regular Circulating 1900 1900 1
Two Lepta Regular Circulating 1900 1901 2
One Lepton Regular Circulating 1900 1901 2
Five Drachmai Regular Circulating 1901 1901 1
Two Drachmai Regular Circulating 1901 1901 1
One Drachma Regular Circulating 1901 1901 1
Fifty Lepta Regular Circulating 1901 1901 1
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Cretan Drachma: Details
Issued ByCretan State
From1900
To1917
Cretan Drachma: Users
CountryPeriodFromTo
Flag of Cretan State Cretan State Cretan Drachma 1900 1913
Cretan Drachma: Related Currencies
CountryCurrencyFromTo
Flag of Greece Greece Drachma 1832 2002