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
Central Bank of the Republic of Turkey prolonged indefinitely in 1994. In the Ottoman Empire, economic activities such as Treasury operations, money and credit transactions and trade in gold and foreign currencies were executed by various establishments such as the Treasury, the Mint, jewelers, moneylenders, foundations and guilds. In this organizational structure that prevailed until the second half of the 19th century, the Ottoman Empire minted gold coins on behalf of the Sultan. The Ottoman Empire put cash banknotes (Kaime-i nakdiye-i mutebere) into circulation in 1840. During the Crimean War, in 1854, the Ottoman Empire, which borrowed from other nations for the first time in history, needed