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monetary unit
monetary unitn. The standard unit of value of a currency, as the dollar in the United States or the peso in Mexico.monetary unit n (Currencies) a unit of value and money of a country, esp the major or standard unit mon′etary u′nit
n. the standard unit of value of the currency of a country, as the dollar in the U.S. [1860–65] Thesaurus| Noun | 1. |  monetary unit - a unit of money unit, unit of measurement - any division of quantity accepted as a standard of measurement or exchange; "the dollar is the United States unit of currency"; "a unit of wheat is a bushel"; "change per unit volume"dollar - the basic monetary unit in many countries; equal to 100 centseuro - the basic monetary unit of most members of the European Union (introduced in 1999); in 2002 twelve European nations (Germany, France, Belgium, Luxembourg, the Netherlands, Italy, Spain, Portugal, Ireland, Greece, Austria, Finland) adopted the euro as their basic unit of money and abandoned their traditional currenciesfranc - the basic monetary unit in many countries; equal to 100 centimesfractional monetary unit, subunit - a monetary unit that is valued at a fraction (usually one hundredth) of the basic monetary unitAfghan monetary unit - monetary unit in the Islamic State of AfghanistanArgentine monetary unit - monetary unit in ArgentinaThai monetary unit - monetary unit in ThailandPanamanian monetary unit - monetary unit in PanamaEthiopian monetary unit - monetary unit in EthiopiaVenezuelan monetary unit - monetary unit of VenezuelaGhanian monetary unit - monetary unit of GhanaCosta Rican monetary unit - monetary unit in Costa RicaEl Salvadoran monetary unit - monetary unit in El SalvadorBrazilian monetary unit - monetary unit in BrazilGambian monetary unit - monetary unit in GambiaAlgerian monetary unit - monetary unit in AlgeriaBahrainian monetary unit - monetary unit in BahrainIraqi monetary unit - monetary unit in IraqJordanian monetary unit - monetary unit in JordanKuwaiti monetary unit - monetary unit in KuwaitLibyan monetary unit - monetary unit in LibyaTunisian monetary unit - monetary unit in TunisiaYugoslavian monetary unit - monetary unit in YugoslaviaMoroccan monetary unit - monetary unit in MoroccoUnited Arab Emirate monetary unit - monetary unit in the United Arab EmiratesVietnamese monetary unit - monetary unit in VietnamGreek monetary unit - monetary unit in GreeceSao Thome e Principe monetary unit - monetary unit on Sao Tome e PrincipeCape Verde monetary unit - monetary unit on Cape VerdePortuguese monetary unit - monetary unit in PortugalHungarian monetary unit - monetary unit in HungaryHaitian monetary unit - the monetary unit in HaitiParaguayan monetary unit - monetary unit in ParaguayDutch monetary unit - monetary unit in the NetherlandsSurinamese monetary unit - monetary unit in SurinamePeruvian monetary unit - monetary unit in PeruPapuan monetary unit - monetary unit in Papua New GuineaLaotian monetary unit - monetary unit in LaosCzech monetary unit - monetary unit in Czech RepublicSlovakian monetary unit - monetary unit in SlovakiaIcelandic monetary unit - monetary unit in IcelandSwedish monetary unit - monetary unit in SwedenDanish monetary unit - monetary unit in DenmarkNorwegian monetary unit - monetary unit in NorwayMalawian monetary unit - monetary unit in MalawiZambian monetary unit - monetary unit in ZambiaAngolan monetary unit - monetary unit in AngolaMyanmar monetary unit - monetary unit in the Union of BurmaAlbanian monetary unit - monetary unit in AlbaniaHonduran monetary unit - monetary unit in HondurasSierra Leone monetary unit - monetary unit in Sierra LeoneRomanian monetary unit - monetary unit in RomaniaBulgarian monetary unit - monetary unit in BulgariaSwaziland monetary unit - monetary unit in SwazilandItalian monetary unit - monetary unit in ItalyBritish monetary unit - monetary unit in Great BritainTurkish monetary unit - monetary unit in TurkeyLesotho monetary unit - monetary unit in Lesotho |
TranslationsMonetary Unit
Monetary Unit the weighed quantity of pure monetized metal that is established as the unit of currency on which the monetary system of a given country is based. Divided into its multiples, the monetary unit converts into a standard of value. Most countries employ the decimal system for such multiples (1 : 10 : 100), but in some countries a quartile system is used (1:2 : 4). In Russia from 1897 to 1914 the gold ruble contained 0.77423 g of pure gold; a decimal system (1 ruble, 10 kopeks, 1 kopek) was combined with a quartile system (1 ruble, 50 kopeks, 25 kopeks). The gold content of the Soviet ruble since Jan. 1, 1961, has been fixed at 0.987412 g of pure gold. LegalSeeCurrencymonetary unit
monetary unit one of the units of CURRENCY used in a country as the basis of payments and lending and borrowing transactions. The units of currency used in the UK, for example, are pounds and pence, while in the USA they are the dollar and cent. The monetary units of different countries are related to each other for INTERNATIONAL TRADE and INVESTMENT purposes through their EXCHANGE RATE values.monetary unit the standard unit of CURRENCY that forms the basis of a country's domestic MONEY SUPPLY, e.g. the pound (UK), or dollar (USA). The monetary units of countries are related to each other for international trade and investment purposes through their EXCHANGE RATE values. See MONEY.AcronymsSeemakeupmonetary unit
Related to monetary unit: Papuan monetary unit |