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
2 krooni at the currency museum of Eesti Pank for €0.13. Source: 2 krooni The 2 krooni banknote (2 EEK) is a denomination of the Estonian kroon, the former currency of Estonia. Karl Ernst von Baer, who was an Estonian anthropologist, naturalist and geographer (1792–1876), is featured with a portrait on the obverse. The 2 krooni bill is called sometimes a ""kahene"" meaning "a two". A view of Tartu University which was founded in 1632 is featured on the reverse. Before the replacement of the EEK by the euro, the 2 krooni banknote was the smallest denomination most commonly used by Estonian