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
Japanese currency seventh century, these currencies (alongside other reforms) were based off the Chinese system and were therefore based on the Chinese units of measurement. In modern times the usage of "Fuhonsen" has often been interpreted as charms rather than currency but recent discoveries have uncovered that these copper coins were in fact the first government-made coinage of Japan. Japan's first formal currency system was the "Kōchōsen" (Japanese: 皇朝銭, "Imperial currency"). It was exemplified by the adoption of Japan's first official coin type, the "Wadōkaichin". It was first minted in 708 CE on order of Empress Genmei, Japan's 43rd Imperial ruler. ""Wadōkaichin""