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In currency, the cent is a monetary unit that equals 1/100th of the basic unit of value. It also refers to the coin which is worth one cent. In the United States and Canada, the 1¢ coin is generally known by the nickname penny, alluding to the British coin and unit of that name.

Etymologically, the word cent derives from the Latin word centum and is related to the Greek εκατόν (hekaton); both mean hundred. Mints all over the world usually create coins with values ranging from 1/100th to 100/100th of the monetary unit, while reserving banknotes for higher values. However, coins with a 200/100th or 500/100th value are not uncommon, especially in cases of commemorative coinage. Many countries have pulled banknotes of a 200/100th value out of circulation and replaced them with coins.

Cent amounts between 1 cent and 99 cents are usually indicated by the one or two digits followed by the cent sign, a lower-case letter c pierced top to bottom by a forward slash or a vertical line: ¢ (2¢, 99¢). Where the cent sign is not used, a lower-case letter c on its own is used (2c, 99c). In the United States and Canada, the first usage is more common, while in Australia, New Zealand and the Eurozone, the second usage is more common. In South Africa only the latter is ever used.

Other monetary unit subdivision systems are possible, such as the old pound sterling, which until decimalisation in 1971 was subdivided into 1/20ths (shillings - s) and 1/240ths (old pence - d).

Examples of currencies around the world featuring cents, or related words from the same root such as centimo, centesimo, sen, are:

Examples of currencies which do not feature cents

External links


Currency | numismatics | Currency signs

Cèntim | Cent (Währung) | Centavo | Cendo | Cent (monnaie) | סנט (מטבע) | Cent | Cent (munteenheden) | Cent | Цент (деньги) | Cent (valuta) | 分 (货币单位)

 

This article is licensed under the GNU Free Documentation License. It uses material from the "Cent (currency)".

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