Unit of account L.S.D units in ratio 240:12:1. The Florentine gold florin, the French franc and the electoral rheingulden all became pounds (240 denari) of account. Units of account would often survive over 100 years despite the original coins changing composition and availability (e.g. the Castilian maravedi). A modern unit of account is the European Currency Unit, used in the European Union from 1979 to 1998; its replacement in 1999, the Euro, was also just a unit of account until the introduction of notes and coins in 2002. Unit of account is the main way of calculating a carrier or ship owner's liability
Language and the euro euro-cent is sometimes used in countries (such as Australia, Canada, and the United States) which also have "cent" as a currency subdivision, to distinguish them from their local coin. This usage, though unofficial, is mirrored on the coins themselves, which have the words "EURO" and "CENT" displayed on the common side. In Faroese (and Icelandic) the euro is called evra, a feminine noun derived from the Faroese name of Europe, "Evropa"; this makes Faroese (with Icelandic) one of only two European languages in which the word for the euro is feminine. The plural is formed regularly: evrur. The cents are