How do you change a currency fast?


By Isabelle Fraser
The Telegraph, London
Tuesday, June 30, 2015

The drachma was the world's oldest existing currency before it was replaced by the euro on January 1, 2001. And it may be about to make a comeback. This Sunday's referendum is described by European leaders as a vote for or against the euro. If Greece votes "oxi," the country may soon be looking for a new currency.

Haris Theoharis, a politician in the centrist party To Potami, said: "There's already a team within the prime minister's office, with staff from the general accounting office, right now working on the drachma."

But how? Has anything like this ever been done before?

Not really. The last time a currency union broke up was the Austro-Hungarian empire in 1918. ...

... For the remainder of the report:


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