Denomination (currency) 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 = 12000 akçe. Today, only a few places have more than one subunit, notably the Jordanian
Banknote counter ultraviolet properties of the bills and the magnetic ink at the same time it is counting the currency. Most counters will stop and alert the user when a counterfeit banknote is detected. Banknote counter A banknote counter (or bill counter) is a device designed primarily to accurately count a quantity of banknotes. Additionally, a banknote counter may sort banknotes into batches and check for damaged or counterfeit notes. The first automatic bill counting machines (or money counting machines) were introduced in the 1920s in the United States and were produced by the Federal Bill Counter Company of Washington, D.C. These