Denomination (currency)

Banknotes of 5000 denomination in different currencies including Franc, Yen, Lire, and Dollar

Denomination is a proper description of a currency amount, usually for coins or banknotes. Denominations may also be used with other means of payment like gift cards. For example, five euros is the denomination of a five euro note.

Subunit and super unit

In a currency, there is usually a main unit (base), and a subunit that is a fraction of the main unit. In some countries, there are multiple levels of subunits. In the former Ottoman Empire, 1 lira = 100 kuruş = 4000 para = 12000 akçe. Today, only a few places have more than one subunit, notably the Jordanian dinar is divided into 10 dirham, 100 qirsh/piastres, or 1000 fils. Many countries where Western European languages are spoken currently have their main units divided into 100 subunits. Some currencies that previously had subunits no longer do, because inflation has rendered the subunit useless. A prominent example is the Japanese yen, which was formerly divided into 100 sen or 1000 rin. Both subunits were demonetized at the end of 1953.[1]

Occasionally, a super unit is used as a multiple of the main unit. Examples include Korean won = 5 yang in 1893, Iranian toman=10 rials (used informally today). In the Ottoman Empire, lira and kuruş were super units at some point before becoming the main unit.

In the Indian subcontinent, it is common in Hindi and Urdu, as well as in both Indian and Pakistani English for large amounts of money to be discussed in lacs (lakhs) and crores rather than in rupees. Whilst these aren’t official denominations, these are drawn from the customary numerical system and are widely understood and utilised in the Indian, Pakistani, and Nepalese financial systems.

Other Languages
azərbaycanca: Denominasiya
Deutsch: Stückelung
հայերեն: Դենոմինացիա
magyar: Címlet
日本語: 通貨単位
Simple English: Denomination (currency)
中文: 面额