The obol (plural oboli) was the currency of the Ionian Islands between 1819 and 1863. Until 1834, 1 obol = 4 lepta (singular lepton), after which 1 obol = 5 lepta. Throughout its existence, the obol was equal to a British half penny. The obol replaced a series of countermarked coins denominated in Turkish paras and copper gazete coins. The obol was issued by the British and was replaced by the Greek drachma when the Ionian Islands were given to Greece, at a rate of 1 drachma = 20 oboli. The Ionian Islands (Modern Greek: Ionia Nisia, Ιόνια Νησιά; Ancient Greek: Ionioi Nesoi, Ιόνιοι Νήσοι) are a group of islands in Greece. ... For details of notes and coins, see British coinage and British banknotes. ... The Turkish lira was the currency of Turkey. ... The gazeta (plural gazzeté, Greek γαζετα, plural γαζέταις) was a currency issued in the Ionian Islands in 1801 during the occupation by Russia and the Ottoman Empire. ... Drachma, pl. ...