Cent (currency)

Cent (currency)

Coin image box 2 singles
image_left =



image_right=


caption_left = A United States cent, or 1¢ or a penny.
caption_right = A euro cent, showing the common reverse side. The obverse side is country-specific.
width_left = 95
width_right = 119
footer = Images are to scale
position = right
In many national currencies, the cent is a monetary unit that equals 1/100 of the basic monetary unit. The word 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. In Ireland the 1c coin is sometimes known as a "penny" in reference to the Irish penny which was replaced by the Euro in 2002.Fact|date=July 2008

Etymology

Etymologically, the word "cent" derives from the Latin word "centum" meaning hundred.

ymbol

¢ c
Where the cent is a subdivision of certain dollars (abbreviated $; notably the US and Canadian dollars), a cent is represented by the "cent sign", a lower-case letter c pierced top to bottom by a forward slash or a vertical line: ¢. Cent amounts between 1 cent and 99 cents can be represented as one or two digits followed by the appropriate abbreviation (2¢, 99¢, 2c, 99c), or as a subdivision of the larger unit (€0.99). Usage of the cent symbol varies from one currency to another. In the United States and Canada, the usage ¢ is more common, while in Australia, New Zealand and the Eurozone, the c is more common. In South Africa and Ireland, only the c is ever used.

When written, the cent sign (¢ or c) follows the amount, versus a larger currency symbol placed at the beginning of the amount. For example 2¢ and $0.02, or 2c and €0.02.

Usage

Mints all over the world usually create coins with values up to between the equivalent of 0.05 ~ 5 U.S. dollars, while reserving banknotes for higher values. As inflation lowers the value of currencies, many have replaced the lowest-valued banknotes with coins (Canadian dollar, Australian dollar, pound sterling, euro), removed the lowest-valued coins from circulation, and/or introduced higher-valued bills. The U.S. dollar is a notable holdout, using a $1 bill along with a (less-popular) coin, where nearly all other industralized nations use solely a coin for the approximate equivalent value.

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

Examples of currencies around the world featuring cents, or related words from the same root such as "céntimo", "centésimo", "centavo" or "sen", are:
* Aruban florin
* Australian dollar
* Barbadian dollar
* Bahamian dollar
* Belize dollar
* Bermudian dollar
* Brazilian real (as centavo)
* Brunei dollar (as sen)
* Canadian dollar
* Cayman Islands dollar
* East Caribbean dollar
* Eritrean nakfa
* Estonian kroon (as sent)
* Euro - the coins bear the text "EURO CENT"; Greek coins have "ΛΕΠΤΟ" ("lepto") on the obverse of the one-cent coin and "ΛΕΠΤΑ" ("lepta") on the obverse of the others. Actual usage varies depending on language.
* Fijian dollar
* Guyanese dollar
* Hong Kong dollar
* Indonesian rupiah (as sen)
* Jamaican dollar
* Japanese yen (as sen)
* Kenyan shilling
* Liberian dollar
* Lithuanian litas (as centas)
* Malaysian ringgit (as sen)
* Mauritian rupee
* Mexican peso (as centavo)
* Namibian dollar
* Netherlands Antillean gulden
* New Zealand dollar
* Panamanian balboa (as centésimo)
* Philippine peso (as centavo)
* Seychellois rupee
* Sierra Leonean leone
* Singapore dollar
* South African rand
* Sri Lankan rupee
* Surinamese dollar
* Swazi lilangeni
* New Taiwan dollar
* Tanzanian shilling
* Trinidad and Tobago dollar
* Ugandan shilling
* United States dollar
* Uruguayan peso (as centésimo)
* Zimbabwean dollar

Examples of currencies which do not feature cents
* Czech koruna - divided into 100 haléřů (sg.: haléř)
* Danish krone - divided into 100 ører
* Indian rupee - divided into 100 paise
* Kuwaiti dinar - divided into 1000 fils
* Mauritanian ouguiya - divided into 5 khoums
* Malagasy ariary - divided into 5 iraimbilanja
* Norwegian krone - divided into 100 ører
* Pakistani rupee - divided into 100 paise
* Polish złoty - divided into 100 groszy
* Pound sterling - divided into 100 pence
* Romanian leu - divided into 100 bani
* Russian ruble - divided into 100 kopeks
* Serbian dinar - divided into 100 paras
* Swiss franc - divided into 100 rappen
* Thai baht - divided into 100 satang
* Vietnamese đồng - 10 hào or 100 xu/su.

External links

* [http://www.coincommunity.com/us_coin_links/us_cents.asp U.S. Cent information by year and type. ] Histories, photos, mintages, mints, metal contents, edge designs, designers, and more.


Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Cent — On Wikipedia, CENT may refer to Centralized discussions. Cent may refer to: In currency: Cent (currency), a one hundredth subdivision of several units of currency Cent (Canadian coin), a Canadian coin Cent (Dutch WWII coin), the Dutch coin minted …   Wikipedia

  • Cent (pièce canadienne) — Cent  Canada Valeur 0 01$ CAD Masse 2,35 g Diamètre 19,05 mm Épaisseur 1,45 mm …   Wikipédia en Français

  • cent — late 14c., from L. centum hundred (see HUNDRED (Cf. hundred)). M.E. meaning was one hundred, but shifted 17c. to hundredth part under influence of percent. Chosen in this sense in 1786 as name for U.S. currency unit by Continental Congress. The… …   Etymology dictionary

  • Cent (Monnaie) — Pour les articles homonymes, voir Cent. ¤ • Les symboles monétaires Monnaies en circulation ฿ • …   Wikipédia en Français

  • cent — [sent] noun [countable] FINANCE 0.01 of the main currency unit in some countries, for example 0.01 of a dollar or a euro: • The price of oil rose 36 cents to $61.95 a barrel. see also percent2 * * * cent UK US /sent/ noun [C] …   Financial and business terms

  • cent — ► NOUN ▪ a monetary unit equal to one hundredth of a dollar or other decimal currency unit. ORIGIN from Latin centum hundred …   English terms dictionary

  • Cent (United States coin) — Infobox Coin Country = United States Denomination = Cent (Penny) Value = 0.01 Unit = U.S. dollar Mass troy oz = 0.080 Mass = 2.5 Diameter inch = 0.750 Diameter = 19.05 Thickness inch = 0.061 Thickness = 1.55 Edge = Plain Composition = Copper… …   Wikipedia

  • Currency transaction tax — For the more specific types of currency transaction taxes , see Tobin tax and Spahn tax. See also: Financial transaction tax A currency transaction tax is a tax placed on a specific type of currency transaction for a specific purpose. This term… …   Wikipedia

  • Currency Museum — Coordinates: 45°25′15″N 75°42′11″W / 45.42088°N 75.702968°W / 45.42088; 75.702968 …   Wikipedia

  • currency — noun 1 money used in a particular country ADJECTIVE ▪ domestic ▪ foreign ▪ They prefer to be paid in foreign currencies. ▪ common, global, international …   Collocations dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”