The Syrian pound or Syrian lira is the currency of Syria and is issued by the Central Bank of Syria. The pound is subdivided into 100 qirsh. Before 1947, the word qirsh was spelled with the initial Arabic letter غ, after which the word began with ق; until 1958, banknotes were issued with Arabic on French on the reverse. After 1958, English has been used on the reverses, hence the three different names for this currency. Coins used both Arabic and French until independence only Arabic; the standard abbreviation for the Syrian pound is SYP. On 5 December 2005, the selling rate quoted by the Commercial Bank of Syria was 48.4 SYP to the US dollar. A rate of about 50 pounds to one dollar has been usual in the early 2000s, but the exchange rate is subject to fluctuations. Since the start of the civil war in 2011, the pound's exchange rate has deteriorated falling from 47 SYP for US$1 in March 2011 to 515 SYP for US$1 in July 2017. During the period when Syria was a part of the Ottoman Empire, which lasted about 400 years, the Ottoman lira was its main currency.
Following the fall of the Ottoman Empire and the placing of Syria under a mandate, the Egyptian pound was used in the territories under French and British mandates, including Lebanon and Palestine. Upon taking Lebanon and Syria under its separate mandate, the French government sought to replace the Egyptian currency and granted a commercial bank, the Banque de Syrie, the authority to issue a currency for states under its new mandate; the pound was pegged at a value of 20 French francs. As the political status of Lebanon evolved, the Banque de Syrie, to act as the official bank for Lebanon and Syria, was renamed the Banque de Syrie et du Grand-Liban; the BSL issued the Lebanese-Syrian currency for 15 years, starting in 1924. Two years before the expiration of the 15-year period, the BSL split the Lebanese-Syrian currency into two separate currencies that could still be used interchangeably in either state. In 1939, the bank was renamed the Banque de du Liban. In 1941, the peg to the French franc was replaced by a peg to the British pound of 8.83125 Syrian pounds = 1 British pound, as a consequence of the occupation of Syria by British and Free French forces.
This rate was based on the pre-war conversion rate between the sterling. In 1946, following devaluation of the franc, the pound was pegged once again to the franc at a rate of 1 pound = 54.35 francs. In 1947, the U. S. dollar was adopted as the peg for the Syrian currency, with 2.19148 pounds = 1 dollar, a rate, maintained until 1961. The Lebanese and Syrian currencies split in 1948. From 1961, a series of official exchange rates were in operation, alongside a parallel, black market rate which reflected the true market rate for Syrian pounds in Jordan and Lebanon where there was a healthy trade in the Syrian currency; the market was allowed to flourish because everybody, including government and public sector companies, needed it. The black market rate diverged from the official rate in the 1980s. Most the currency was pegged to the IMF SDF; as a result of the Syrian Civil War, there has been a capital flight to nearby countries including Lebanon, Jordan and Turkey. Syria has been subject to sanctions imposed by the United States, the European Union and other countries.
As a result, the official exchange rate has deteriorated falling from 47 SYP for US$1 in March 2011 to 515 SYP for US$1 in July 2017. In 1921, cupro-nickel 1⁄2 qirsh coins were introduced, followed in 1926 by aluminium bronze 2 and 5 qirsh. In 1929, nickel-brass 1 qirsh and silver 10, 25 and 50 qirsha were introduced. Nickel-brass 1⁄2 qirsh were introduced 1935, followed by zinc 1 qirsh and aluminium-bronze 2½ qirsh in 1940. During the Second World War, brass 1 qirsh and aluminium 2 1⁄2 qirsh; these pieces were crudely undated. A new coinage was introduced between 1947 and 1948 in denominations of 2 1⁄2, 5, 10, 25 and 50 qirsha and 1 pound, with the 2 1⁄2, 5 and 10 qirush struck in cupro-nickel and the others in silver. Aluminium-bronze replaced cupro-nickel in 1960, with nickel replacing silver in 1968. In 1996, following high inflation, new coins were introduced in denominations of 1, 2, 5, 10 and 25 pounds, with the 25 pounds a bimetallic coin. In 2003 5, 10, 25 pound coins were issued, with latent images.
On December 26, 2018, the Central Bank of Syria introduced a 50 Syrian pounds coin for general circulation and to replace the banknote of said denomination. In 1919, the Banque de Syrie introduced notes for 5, 25 and 50 qirsha, 1 and 5 livres; these were followed, by notes for 1 qirsh and 10, 25, 50 and 100 livres. In 1925, the Banque de Syrie et du Grand-Liban began issuing notes and production of denominations below 25 qirsha ceased. Notes below 1 livre were not issued from 1930. In 1939, the issuing body again changed its name, to the Banque de Syrie et du Liban. Between 1942 and 1944, the government introduced notes for 10, 25 and 50 qirsha. In the early 1950s, undated notes were issued by the Institut d'Emission de Syrie in denominations of 1, 5, 10, 25, 50 and 100 livres, followed by notes dated 1955 for 10 and 25 livres; the Banque Centrale de Syrie took over paper money issuance in 1957, issuing the same denominations as the Institut d'Emission. In 1958, the French language was replaced by English.
Notes were issued for 1
Centesimo is an Italian word derived from the Latin centesimus meaning "hundredth". It was equal to 1/100 of currencies named lira. However, not all lira-denominated currencies feature centesimo as their 1/100 subunit. For example, the Turkish new lira is divided into 100 kuruş and the Maltese lira was divided into 100 cents. Currencies that have centesimo as subunits include: Swiss franc Panamanian balboa In Italian, centesimo is the common way of describing the euro cent. Italian lira Maltese lira Sammarinese lira Vatican and Papal lira Parman lira Sardinian lira
Italy the Italian Republic, is a country in Southern Europe. Located in the middle of the Mediterranean Sea, Italy shares open land borders with France, Austria and the enclaved microstates San Marino and Vatican City. Italy covers an area of 301,340 km2 and has a temperate seasonal and Mediterranean climate. With around 61 million inhabitants, it is the fourth-most populous EU member state and the most populous country in Southern Europe. Due to its central geographic location in Southern Europe and the Mediterranean, Italy has been home to a myriad of peoples and cultures. In addition to the various ancient peoples dispersed throughout modern-day Italy, the most famous of which being the Indo-European Italics who gave the peninsula its name, beginning from the classical era and Carthaginians founded colonies in insular Italy and Genoa, Greeks established settlements in the so-called Magna Graecia, while Etruscans and Celts inhabited central and northern Italy respectively; the Italic tribe known as the Latins formed the Roman Kingdom in the 8th century BC, which became a republic with a government of the Senate and the People.
The Roman Republic conquered and assimilated its neighbours on the peninsula, in some cases through the establishment of federations, the Republic expanded and conquered parts of Europe, North Africa and the Middle East. By the first century BC, the Roman Empire emerged as the dominant power in the Mediterranean Basin and became the leading cultural and religious centre of Western civilisation, inaugurating the Pax Romana, a period of more than 200 years during which Italy's technology, economy and literature flourished. Italy remained the metropole of the Roman Empire; the legacy of the Roman Empire endured its fall and can be observed in the global distribution of culture, governments and the Latin script. During the Early Middle Ages, Italy endured sociopolitical collapse and barbarian invasions, but by the 11th century, numerous rival city-states and maritime republics in the northern and central regions of Italy, rose to great prosperity through shipping and banking, laying the groundwork for modern capitalism.
These independent statelets served as Europe's main trading hubs with Asia and the Near East enjoying a greater degree of democracy than the larger feudal monarchies that were consolidating throughout Europe. The Renaissance began in Italy and spread to the rest of Europe, bringing a renewed interest in humanism, science and art. Italian culture flourished, producing famous scholars and polymaths such as Michelangelo, Leonardo da Vinci, Raphael and Machiavelli. During the Middle Ages, Italian explorers such as Marco Polo, Christopher Columbus, Amerigo Vespucci, John Cabot and Giovanni da Verrazzano discovered new routes to the Far East and the New World, helping to usher in the European Age of Discovery. Italy's commercial and political power waned with the opening of trade routes that bypassed the Mediterranean. Centuries of infighting between the Italian city-states, such as the Italian Wars of the 15th and 16th centuries, left the region fragmented, it was subsequently conquered and further divided by European powers such as France and Austria.
By the mid-19th century, rising Italian nationalism and calls for independence from foreign control led to a period of revolutionary political upheaval. After centuries of foreign domination and political division, Italy was entirely unified in 1871, establishing the Kingdom of Italy as a great power. From the late 19th century to the early 20th century, Italy industrialised, namely in the north, acquired a colonial empire, while the south remained impoverished and excluded from industrialisation, fuelling a large and influential diaspora. Despite being one of the main victors in World War I, Italy entered a period of economic crisis and social turmoil, leading to the rise of a fascist dictatorship in 1922. Participation in World War II on the Axis side ended in military defeat, economic destruction and the Italian Civil War. Following the liberation of Italy and the rise of the resistance, the country abolished the monarchy, reinstated democracy, enjoyed a prolonged economic boom and, despite periods of sociopolitical turmoil became a developed country.
Today, Italy is considered to be one of the world's most culturally and economically advanced countries, with the sixth-largest worldwide national wealth. Its advanced economy ranks eighth-largest in the world and third in the Eurozone by nominal GDP. Italy owns the third-largest central bank gold reserve, it has a high level of human development, it stands among the top countries for life expectancy. The country plays a prominent role in regional and global economic, military and diplomatic affairs. Italy is a founding and leading member of the European Union and a member of numerous international institutions, including the UN, NATO, the OECD, the OSCE, the WTO, the G7, the G20, the Union for the Mediterranean, the Council of Europe, Uniting for Consensus, the Schengen Area and many more; as a reflection
Kingdom of Italy
The Kingdom of Italy was a state which existed from 1861—when King Victor Emmanuel II of Sardinia was proclaimed King of Italy—until 1946—when civil discontent led a constitutional referendum to abandon the monarchy and form the modern Italian Republic. The state was founded as a result of the unification of Italy under the influence of the Kingdom of Sardinia, which can be considered its legal predecessor state. Italy declared war on Austria in alliance with Prussia in 1866 and received the region of Veneto following their victory. Italian troops entered Rome in 1870, thereby ending more than one thousand years of Papal temporal power. Italy entered into a Triple Alliance with Germany and Austria-Hungary in 1882, following strong disagreements with France about the respective colonial expansions; however if relations with Berlin became friendly, the alliance with Vienna remained purely formal as the Italians were keen to acquire Trentino and Trieste, corners of Austria-Hungary populated by Italians.
So in 1915, Italy accepted the British invitation to join the Allied Powers, as the western powers promised territorial compensation for participation, more generous than Vienna's offer in exchange for Italian neutrality. Victory in the war gave Italy a permanent seat in the Council of the League of Nations. "Fascist Italy" is the era of National Fascist Party government from 1922 to 1943 with Benito Mussolini as head of government. The fascists imposed totalitarian rule and crushed the political and intellectual opposition, while promoting economic modernization, traditional social values and a rapprochement with the Roman Catholic Church. According to Payne, " Fascist government passed through several distinct phases"; the first phase was nominally a continuation of the parliamentary system, albeit with a "legally-organized executive dictatorship". Came the second phase, "the construction of the Fascist dictatorship proper, from 1925 to 1929"; the third phase, with less activism, was 1929 to 1934.
The fourth phase, 1935–1940, was characterized by an aggressive foreign policy: war against Ethiopia, launched from Italian Eritrea and Italian Somaliland, which resulted in its annexation. The war itself was the fifth phase with its disasters and defeats, while the rump Salò Government under German control was the final stage. Italy was an important member of the Axis powers in World War II, battling on several fronts with initial success. However, after the German-Italian defeat in Africa and Soviet Union and the subsequent Allied landings in Sicily, King Victor Emmanuel III placed Mussolini under arrest, the Fascist Party in areas controlled by the Allied invaders was shut down; the new government signed an armistice on September 1943. German forces occupied northern Italy with Fascists' help, setting up the Italian Social Republic, a collaborationist puppet state still led by Mussolini and his Fascist loyalists; as conseguence, the country descended into civil war, with the Italian Co-belligerent Army and the resistance movement contended the Social Republic's forces and its German allies.
Shortly after the war and the liberation of the country, civil discontent led to the constitutional referendum of 1946 on whether Italy would remain a monarchy or become a republic. Italians decided to abandon the monarchy and form the Italian Republic, the present-day Italian state; the Kingdom of Italy claimed all of the territory which covers present-day Italy and more. The development of the Kingdom's territory progressed under Italian re-unification until 1870; the state for a long period of time did not include Trieste or Trentino-Alto Adige/Südtirol, which were annexed in 1919 and remain Italian territories today. The Triple Entente promised to grant to Italy – if the state joined the Allies in World War I – several territories including former Austrian Littoral, western parts of former Duchy of Carniola, Northern Dalmazia and notably Zara and most of the Dalmatian islands, according to the secret London Pact of 1915. After the compromise was nullified under pressure of President Woodrow Wilson with the Treaty of Versailles, Italian claims on Northern Dalmazia were voided.
During World War II, the Kingdom gained additional territory: it gained Corsica and Savoia from France after its surrender in 1940, territory in Slovenia and Dalmazia from Yugoslavia after its breakup in 1941 and Monaco in 1942. After World War II, the borders of present-day Italy were founded and the Kingdom abandoned its land claims; the Italian Empire gained territory until the end of World War II through colonies, military occupations and puppet states. These included Eritrea, Italian Somaliland, Ethiopia, British Somaliland, Tunisia, Kosovo, Montenegro and a 46-hectare concession from China in Tianjin; the Kingdom of Italy was theoretically a constitutional monarchy. Executive power belonged to the monarch; the legislative branch was a bicameral Parliament comprising an appointive Senate and an elective Chamber of Deputies. The kingdom's constitution was the Statuto Albertino, the former governing document of the Kingdom of Sardinia. In theory, ministers were responsible to the king. However, by this time it was impossible for a king to appoint a government of his ow
The Lebanese pound is the currency of Lebanon. It used to be divided into 100 piastres but high inflation in the Lebanese Civil War has eliminated the subdivisions; the plural form of lira, as used on the currency, is either lirat or the same, whilst there were four forms for qirsh: the dual qirshan, the plural qirush used with numbers 3–10, the accusative singular qirsha used with 11–99, or the genitive singular qirshi used with multiples of 100. In both cases, the number determines. Before the Second World War, the Arabic spelling of the subdivision was غرش. All of Lebanon's coins and banknotes are bilingual in French. Before World War I, the Ottoman lira was used. In 1918, after the fall of the Ottoman Empire, the currency became the Egyptian pound. Upon gaining control of Syria and Lebanon, the French replaced the Egyptian pound with a new currency for Syria and Lebanon, the Syrian pound, linked to the French franc at a value of 1 pound = 20 francs. Lebanon issued its own coins from 1924 and banknotes from 1925.
In 1939, the Lebanese currency was separated from that of Syria, though it was still linked to the French franc and remained interchangeable with Syrian money. In 1941, following France's defeat by Nazi Germany, the currency was linked instead to the British pound sterling at a rate of 8.83 Lebanese pounds = 1 pound sterling. A link to the French franc was restored after the war but was abandoned in 1949. Before the Lebanese Civil War, 1 U. S. dollar was worth 3 pounds. During the civil war the value decreased until 1992, when one dollar was worth over 2500 pounds. Subsequently the value increased again, since December 1997 the rate of the pound has been fixed at 1507.5 pounds per US$. Lebanon's first coins were issued in 1924 in denominations of 2 and 5 girush with the French denominations given in "piastres syriennes". Issues did not include the word "syriennes" and were in denominations of 1⁄2, 1, 2, 2 1⁄2, 5, 10, 25 and 50 girsha. During World War II, rather crude 1⁄2, 1 and 2 1⁄2 girsh coins were issued.
After the war, the Arabic spelling was changed from girsh to qirsh. Coins were issued in the period 1952 to 1986 in denominations of 1, 2 1⁄2, 5, 10, 25 and 50 qirsh and 1 lira. No coins were issued between 1994, when the current series of coins was introduced. Coins in current use are: Lebanon's first banknotes were issued by the Banque du Syrie et Grand-Liban in 1925. Denominations ran from 25 girsha through to 100 pounds. In 1939, the bank's name was changed to the Bank of Lebanon; the first 250-pound notes appeared that year. Between 1942 and 1950, the government issued "small change" paper money in denominations of 5, 10, 25 and 50 girsh or qirsh. After 1945, the Bank of Syria and Lebanon continued to issue paper money for Lebanon but the notes were denominated in "Lebanese pounds" to distinguish them from Syrian notes. Notes for 1, 5, 10, 25, 50 and 100 pounds were issued; the Banque du Liban was established by the Code of Money and Credit on 1 April 1964. On 1 August 1963 decree No. 13.513 of the “Law of References: Banque Du Liban 23 Money and Credit” granted the Bank of Lebanon the sole right to issue notes in denominations of 1, 5, 10, 25, 50, 100, 250 pounds, expressed in Arabic on the front, French on the back.
Higher denominations were issued in the 1980s and 1990s as inflation drastically reduced the currency's value. Banknotes in the current use are: All current notes feature an Arabic side with the value in Arabic script numerals of large size; the other side is in French with the serial number in both Arabic and Latin script and in bar code below the latter one. Economy of Lebanon Banque du Liban Historical and current banknotes of Lebanon
The franc commonly distinguished as the French franc, was a currency of France. Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money, it was reintroduced in 1795. After two centuries of inflation, it was revalued in 1960, with each new franc being worth 100 old francs; the NF designation was continued for a few years before the currency returned to being the franc. The French franc was a held international reserve currency of reference in the 19th and 20th centuries; the first franc was a gold coin introduced in 1360 to pay the Ransom of King John II of France. This coin secured the king's freedom and showed him on a richly decorated horse earning it the name franc à cheval; the obverse legend, like other French coins, gives the king's title as Francorum Rex and provides another reason to call the coin a franc. Its value was set as one livre tournois. John's son, Charles V, continued this type, it was copied at Brabant and Cambrai and, with the arms on the horse cloth changed, at Flanders.
Conquests led by Joan of Arc allowed Charles VII to return to sound coinage and he revived the franc à cheval. John II, was not able to strike enough francs to pay his ransom and he voluntarily returned to English captivity. John II died as a prisoner in England and his son, Charles V was left to pick up the pieces, and so he did. Charles V pursued a policy of reform, including stable coinage. An edict dated 20 April 1365 established the centerpiece of this policy, a gold coin called the denier d’or aux fleurs de lis which had a standing figure of the king on its obverse, pictured under a canopy, its value in money of account was one livre tournois, just like the franc à cheval, this coin is universally known as a franc à pied. In accordance with the theories of the mathematician and royal advisor Nicolas Oresme, Charles struck fewer coins of better gold than his predecessors. In the accompanying deflation both prices and wages fell, but wages fell faster and debtors had to settle up in better money than they had borrowed.
The Mayor of Paris, Étienne Marcel, exploited their discontent to lead a revolt which forced Charles V out of the city. The franc fared better, it became associated with money stable at one livre tournoisHenry III exploited the association of the franc as sound money worth one livre tournois when he sought to stabilize French currency in 1577. By this time, inflows of gold and silver from Spanish America had caused inflation throughout the world economy and the kings of France, who weren't getting much of this wealth, only made things worse by manipulating the values assigned to their coins; the States General which met at Blois in 1577 added to the public pressure to stop currency manipulation. Henry III agreed to do this and he revived the franc, now as a silver coin valued at one livre tournois; this coin and its fractions circulated until 1641 when Louis XIII of France replaced it with the silver écu. The name "franc" continued in accounting as a synonym for the livre tournois; the decimal "franc" was established as the national currency by the French Revolutionary Convention in 1795 as a decimal unit of 4.5 g of fine silver.
This was less than the livre of 4.505 g, but the franc was set in 1796 at 1.0125 livres, reflecting in part the past minting of sub-standard coins. Silver coins now had their denomination marked as "5 FRANCS" and it was made obligatory to quote prices in francs; this ended the ancien régime's practice of striking coins with no stated denomination, such as the Louis d'or, periodically issuing royal edicts to manipulate their value in terms of money of account, i.e. the Livre tournois. The franc became the official currency of France in 1799. Coinage with explicit denominations in decimal fractions of the franc began in 1795. Decimalization of the franc was mandated by an act of 7 April 1795, which dealt with of weights and measures. France led the world in adopting the metric system and it was the second country to convert from a non-decimal to a decimal currency, following Russia's conversion in 1704, the third country to adopt a decimal coinage following the United States in 1787. France's first decimal coinage used allegorical figures symbolizing revolutionary principles, like the coinage designs the United States had adopted in 1793.
The circulation of this metallic currency declined during the Republic: the old gold and silver coins were taken out of circulation and exchanged for printed assignats issued as bonds backed by the value of the confiscated goods of churches, but declared as legal tender currency. The withdrawn gold and silver coins were used to finance wars and to import food, in short supply; as during the "Mississippi Bubble" in 1715–1720, too many assignats were put in circulation, exceeding the value of the "national properties", the coins, due to military requisitioning and hoarding, rarefied to pay foreign suppliers. With national government debt remaining unpaid, a shortage of silver and brass to mint coins, confidence in the new currency declined, leading to hyperinflation, more food riots, severe political instability and termination of the First French Republic and the political fall of the French Convention. Followed the economic failure of the Directoire
In many national currencies, the cent represented by the cent sign is a monetary unit that equals 1⁄100 of the basic monetary unit. Etymologically, the word cent derives from the Latin word "centum" meaning hundred. Cent refers to a coin worth one cent. In the United States, the 1¢ coin is known by the nickname penny, alluding to the British coin and unit of that name. In the European Union, coins designs are chosen nationally, while the reverse and the currency as a whole is managed by the European Central Bank. In Canada, production of the 1¢ coin was ended in 2012. A cent is represented by the cent sign, a minuscule letter "c" crossed by a diagonal stroke or a vertical line: ¢. Cent amounts from 1 cent to 99 cents can be represented as one or two digits followed by the appropriate abbreviation, or as a subdivision of the base unit. Back in the days of typewriters, the cent sign appeared as the shift of the 6 key; the cent sign has not survived the changeover from typewriters to computer keyboards.
There are alternative ways, however, to create the character in most common code pages, including Unicode and Windows-1252: On DOS- or Windows-based computers, hold Alt while typing 0162 or 155 on the numeric keypad. If there is no numeric keypad, as on many laptops, type A2 in Windows Wordpad followed by Alt+X and copy/paste the resulting ¢ into the target document. For the US International keyboard: <Right Alt> <Shift> c. On Macintosh systems, hold ⌥ Option and press 4 on the number row. On Unix/Linux systems with a compose key, Compose+|+C and Compose+/+C are typical sequences; the cent sign has Unicode code point: U+00A2 ¢ CENT SIGN, U+FFE0 ￠ FULLWIDTH CENT SIGN. When written in English, the cent sign follows the amount, in contrast with a larger currency symbol, placed before the amount. For example, 2¢ and $0.02, or 2c and €0.02. Examples of currencies around the world featuring centesimal units called cent, or related words from the same root such as céntimo, centésimo, centavo or sen, are: Argentine peso Aruban florin Australian dollar Barbadian dollar Bahamian dollar Belize dollar Bermudian dollar Bolivian boliviano Brazilian real Brunei dollar Canadian dollar Cayman Islands dollar Chilean peso.
Centavos exist and are considered in financial transactions. Cook Islands dollar Cuban peso East Caribbean dollar Eritrean nakfa Estonian kroon European Union's euro – the coins bear the text "EURO CENT". Greek coins have ΛΕΠΤΑ on the obverse of the others; the actual usage varies depending on the language. Fijian dollar Guyanese dollar Indonesian rupiah Jamaican dollar Kenyan shilling Lesotho loti Liberian dollar Malaysian ringgit Mauritian rupee Mexican peso Moroccan dirham Namibian dollar Netherlands Antillean gulden New Zealand dollar Panamanian balboa Peruvian nuevo sol Philippine peso Seychellois rupee Sierra Leonean leone Singapore dollar South African rand Sri Lankan rupee Surinamese dollar Swazi lilangeni New Taiwan dollar Tanzanian shilling Tongan paʻanga Trinidad and Tobago dollar Ugandan shilling United States dollar Uruguayan peso Zimbabwean dollarExamples of currencies featuring centesimal units not called cent British pound – divided into 100 pence since 1971 Bulgarian lev (as stotinka, Bulgarian: стотинка Chinese Yuan/Renminbi – divided into 100 fēn.
Croatian kuna – divided into 100 lipa Danish krone – divided into 100 øre Estonian mark – divided into 100 penni Indian rupee – divided into 100 paise Israeli new shekel – divided into 100 agorot Macao pataca – divided into 100 avos Macedonian denar – divided into 100 deni Norwegian krone – divided into 100 øre Pakistani rupee – divided into 100 paise Polish złoty – divided into 100 groszy Romanian and Moldovan leu – divided into 100 bani Russian ruble – divided into 100 kopeks Saudi riyal. Examples of currencies which do not feature centesimal units: Costa Rican colón – no fractional denomination in circulation since the 1980s divided into 100 céntimos. Czech koruna – no fractional denomination in circulation divided into 100 hellers Japanese yen – no fractional denomination in circulation divided into 100 sen and 1000 rin. South Korean Won no fractional denomination in circulation divided into 100 jeon. Icelandic króna – no fractional denomination in circulation divided into 100 eyrir. Kuwaiti dinar – divided into 1000 fils Omani rial – divided into 1000 baisa Mauritanian ouguiya – divided into 5 khoums Malagasy ariary – divided into 5 iraimbilanjaExamples of currencies which use the cent symbol for other purpose: Costa Rican colón – The common symbol'¢' is used locally to represent'₡', the proper