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
Lithuanian long currency the subject. The currency is known by a great variety of terms and there is no clear consensus among researchers which of them is most appropriate: A silver-based economy developed in the 9th century. Lacking minted coins, Vikings developed bullion-based trading, using hacksilver and ingots. The earliest silver ingots that were used as currency were forged ("kaltiniai lydiniai"). They circulated from the 10th to the early 12th centuries and are very rare in Lithuania. As of 1981, forged ingots were found only seven times within the territory of Lithuania. Archaeologist Duksa identified three sub-types: spiral bracelet, ribbon ingot, and band