Currencies with more than one subdemonination?

maarsy · Post by **maarsy** » Thu Jun 18, 2009 3:34 pm

i colect banknotes from all places and all times i have some made of paper , with what i said i actualy wanted to say that euro's arent made of paper

japh · Post by **japh** » Thu Jun 18, 2009 3:46 pm

maarsy wrote:i colect banknotes from all places and all times i have some made of paper , with what i said i actualy wanted to say that euro's arent made of paper

Euros are made of paper. Paper is thin sheets of material made from linen, wood pulp etc. There are different kinds of paper and that from which euro notes are made is just one kind.

tabbs · Post by **tabbs** » Sun Jun 21, 2009 12:29 am

R/J wrote:Here in the Netherlands all cash transactions are rounded to 5 cents (I believe it's the same situation as in Finland), so one could also argue for a 1/20 subdenomination.

All euro countries have the same 1-100 system, regardless of whether in some of them cash totals are rounded or not. Now when it gets to the point that the sub-unit becomes pretty much worthless, we could say that the 1-100 setup has turned into a mere "1" setup. In Hungary for example the smallest coin used is the 5 forint piece, and cash totals are rounded to multiples of 5. And the forint is the unit, not the sub-unit ...

As for Cyprus, the mils were used until the early 80s only. In 1983 the 1-1000 system was replaced by a 1-100 setup (100 sent or cents = 1 lira or pound). And in the US it's odd - they do officially have the "dime" denomination; contrary to "buck" or "nickel" that is not just a nickname but can be found on the coins. But of course nobody says anything like "that's seventeen dollars, six dimes, and four cents".

And yes, it makes sense to call the material of our notes "paper". As the ECB http://www.ecb.europa.eu/euro/html/environment.en.html" onclick="window.open(this.href);return false; puts it, The euro banknotes are printed on paper made of 100% cellulose. The cotton fibres used for banknotes are the same as those used for the production of textiles for clothing. All paper mills involved in the production of euro banknote paper use cotton combers as raw material.

Christian

R/J · Post by **R/J** » Sun Jun 21, 2009 11:33 am

The paper thing referred to Australia, New Zealand and Rumania, which have polymer banknotes.

tabbs · Post by **tabbs** » Sun Jun 21, 2009 12:55 pm

Have used polymer notes myself, in Mexico for example. But the "paper" part of my reply was a reaction to what androl had written about cotton.

Back to denominations, seems that the ariary (in Madagascar, see one of the previous posts) is the only currency in present use with the subdenomination not being a multiple of 10. The other one with a 1-5 setup, the Mauritanian ouguiya, does not really have a sub-unit any more ...

Christian

Jes · Post by **Jes** » Sun Jun 21, 2009 1:16 pm

In case of the Ariary, the explanation is because the Ariary was equal to 5 francs. Then, the subdomination (iraimbilanja) in the five-based subdenomination, is easier to compute, as 1 iraimbilanja = 1 "old" Franc.

What happened was curious: the ariary was introduced and the Malagary Franc was not withdrawn from circulation. So at that time, they had:

100 cent = 1 Franc = 1 iraimbilanja = 1/5 of Ariary

or
500 cent = 5 Franc = 5 iraimbilanja = 1 Ariary (what a mess!)

Recently, the Franc was withdraw from circulation and now only ariary are used. At the change of 5 Francs = 1 Ariary, which means that 1 iraimbilanja = 1 Franc.

BCNumismatics · Post by **BCNumismatics** » Thu Jun 25, 2009 1:32 pm

The Cypriot Pound was divided these 3 ways;

9 Piastres = 1 Shilling,& 20 Shillings = 1 Pound (1879-1955).
1,000 Mils = 1 Pound (1955-83).
100 Cents = 1 Pound (1983-2008).

The Maltese Pound was divided this way;
10 Mils = 1 Cent,& 100 Cents = 1 Pound (1972-2008).

Prior to 1972,the Maltese Pound was pegged at 1:1 with the Pound Sterling,& it was also divided into 12 Pence = 1 Shilling,20 Shillings = 1 Pound,or 240 Pence = 1 Pound.

Aidan.

tabbs · Post by **tabbs** » Thu Jun 25, 2009 1:56 pm

BCNumismatics wrote:The Maltese Pound was divided this way;
10 Mils = 1 Cent,& 100 Cents = 1 Pound (1972-2008).

Not quite sure how long those Mils were used, but between some time in the 1980s and the end of 2008, it was simply 100 Cents = 1 Lira. See http://www.centralbankmalta.org/site/currency1f.html" onclick="window.open(this.href);return false; : "The Malta pound, which was renamed Maltese lira (Lm) in 1983, was retained as the currency unit. This was divided into 100 cents, and the 1 cent into 10 mils." And the last Mils pieces were made in 1982 ...

Christian

BCNumismatics · Post by **BCNumismatics** » Thu Jun 25, 2009 2:04 pm

Christian,
There were Maltese Mil-denominated coins dated after 2000,but most likely for sets only.

The Maltese Lira was better known as the Maltese Pound in English.

Aidan.

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