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
Withdrawal of low-denomination coins the routine use of pennies, and equivalents thereof, in several more countries, including the United States. Countries in the Eurozone have had different responses to the issue; according to James Debono writing for "Malta Today", "scrapping the coins is considered unthinkable for Germany where both consumers and retailers are obsessed with precise pricing." Countries that have withdrawn their lowest-denomination coins include: Withdrawal of low-denomination coins The withdrawal of a country's lowest-denomination coins from circulation (usually a one-cent coin or equivalent) may either be through a decision to remove the coins from circulation, or through simply ceasing minting. This withdrawal may