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
Early American currency bills" from the Articles of Confederation was abolished, leaving Congress with the power "to borrow money on credit". These references have been removed from EH.Net --- Flynn, David. "Credit in the Colonial American Economy". EH.Net Encyclopedia, edited by Robert Whaples. March 16, 2008. Michener, Ron. "Money in the American Colonies". EH.Net Encyclopedia, edited by Robert Whaples. June 8, 2003. Early American currency Early American currency went through several stages of development during the colonial and post-Revolutionary history of the United States. Because few coins were minted in the thirteen colonies that became the United States, foreign coins like the Spanish