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
500 euro note rapidly so that in the first 7 years (up to December 2008) there were 530,064,413 five hundred euro banknotes in circulation. Subsequently, the rate of increase was radically slowed. In August 2018, there were approximately 515,000,000 banknotes in circulation (decreased from 614,000,000 in 2015). It is the second least widely circulated denomination, accounting for 2.4% of the total banknotes. It is the largest note measuring 160 × 82 mm and has a purple colour scheme. The five hundred euro banknotes depict bridges and arches/doorways in modern architecture (around the late 20th century). The five hundred euro note contains several complex