THE GREEK MONEY TURMOIL

If Greece opts to leave the EU and then declares itself Bankrupt, it must then adopt a new currency.  This could be "The New Drachma".

At that point in time Greeks will have EUROS in their pockets while awaiting the Physical arrival of new Drachmas.  The new Drachma will necessarily be devalued against the EURO.  In fact after devaluation there will be a new fixed parity.

Pensions, salaries, shop prices, petrol costs, etc will all have a depreciated New Drachma value. The EUROS still in the pockets of Greeks will still have a real value which is higher than the NEW Drachma. 

Bank account balances in Greece will automatically be converted into New Drachma values !!!  Will there be a run on banks to withdraw money before the New Drachma is introduced ?

The EUROS in Greek pockets will be hoarded for a "rainy day", just like the US Dollar in South America and many other countries.  It will be their reserve currency !!!  The promise is that there will be a great deal of turmoil during the coming days.