note: on 1 January 1999, the EU introduced the euro as a common currency that is now being used by financial institutions in Greece (which entered the European Monetary Union on 1 January 2001) at a fixed rate of 340.750 drachmae per euro and will replace the local currency for all transactions in 2002
Currency code: GRD; EUR
Exchange rates: drachmae per US dollar - 380.21 (December 2000), 365.40 (2000), 305.65 (1999), 295.53 (1998), 273.06 (1997), 240.71 (1996)
Fiscal year: calendar year
Greece Communications
Telephones - main lines in use: 5.431 million (1997)
Telephones - mobile cellular: 937,700 (1997)
Telephone system: general assessment: adequate, modern networks reach all areas; good mobile telephone and international service
domestic: microwave radio relay trunk system; extensive open wire connections; submarine cable to offshore islands
international: tropospheric scatter; 8 submarine cables; satellite earth stations - 2 Intelsat (1 Atlantic Ocean and 1 Indian Ocean), 1 Eutelsat, and 1 Inmarsat (Indian Ocean region)