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
Mark (currency) economy and hyper-inflation of local divided currencies after the Bosnian war, pegged to the German mark 1:1 at the time, and further pegged to Euro at the rate at which German mark was replaced, i.e. 1 EUR = 1.95583 BAM. Mark (currency) The mark was a currency or unit of account in many nations. It is named for the mark unit of weight. The word "mark" comes from a merging of three Teutonic/Germanic words, Latinised in 9th-century post-classical Latin as ', ', ' or '. It was a measure of weight mainly for gold and silver, commonly used throughout Western