Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,914,652,186 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Monetary Unit

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Wikipedia 0.01 sec.
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.



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Mentioned in?  References in periodicals archive?   Encyclopedia browser?   Full browser?
No references found
 
ZLOTY A Bark of the buckthorn B Polish monetary unit C Larval state of the lobster who am I?
 
 
 
Encyclopedia
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.