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
One leu One leu The current one leu banknote is the smallest circulating denomination of the Romanian leu. It is the same size as the 5 Euro banknote. The main color of the current banknote is green. It pictures, on the obverse Prime-minister and historian Nicolae Iorga, and on the reverse the Curtea de Argeş Cathedral, which suffered a massive restoration under his Government, and a crossed eagle, the Wallachian traditional heraldic element. In the past, the denomination was also in the coin form, as follows: First leu (1867-1947) Second leu (1947-1952) Third leu - ROL(1952-2005) Fourth leu - RON (since 2005)