The phrase
"currency denomination" refers to the value or unit in which a currency is expressed. It represents the different values or denominations of a currency, such as coins or banknotes of different amounts. For example, in the United States, the
currency denomination includes coins such as quarters, dimes, and nickels, as well as banknotes of various values like $1, $5, $10, and so on.
Full definition
Equally, the inclusion of existing
national currency denominations such as «cent», «nickel», «dime», «pence», «pound», «kopek» and so on are to be discouraged; this is a worldwide currency.
Ignoring the issue of taxes, which CC has already detailed in earlier posts,
currency denomination matters because currencies do not move in lock - step.
In January 2011 Fortress Purchased certain assets from the Bank of Canada related to optically variable security material for the security threads contained in Canadian banknotes and various
international currency denominations for a price of $ 750k.
Google's latest feature follows the February decision by Microsoft's search engine Bing to automatically
convert currency denominations to BTC, and Yahoo! Finance's decision to introduce a price conversion offering in June.
Two years ago, North Korea dealt with inflation by undergoing
a currency denomination, a process wherein the face value of circulating currency is changed.
I noted that pricing decisions by businesses might well have a substantial impact on customers» tipping behaviour, by making it more or less convenient, for example, simply to «round up» to the nearest dollar (or
currency denomination).
Unfortunately, this just illustrates
the currency denomination of portfolio cash or investments.
We support over 13 languages and over 25
currency denominations.