Denomination (currency) as Polish złoty (“golden”) and Vietnamese đồng (“copper”), or its geographical origin, e.g. Joachimsthaler (see Dollar). Denomination (currency) 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. 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
2016 Indian banknote demonetisation deposited into "hundis", or cash collection boxes in temples and gurudwaras are exempted from inquiry by the tax department which is sometimes misused to launder money. After the demonetisation, there was a spike in donations in the form of the demonetised banknotes in temples. People had booked large number of railway tickets to dispose of unaccounted cash. It came to notice of the Indian Railways authorities which imposed restrictions to check evasion. After demonetisation, there was an increase in the counterfeit banknotes in small denomination of ₹100 and ₹50. The counterfeit banknote in denomination of old ₹500 and ₹1000 saw