1. a monetary unit of Argentina, Bolivia, Brazil, Cape Verde, Chile, Colombia, Cuba, the Dominican Republic, Guatemala, Guinea-Bissau, Honduras, Mexico, Mozambique, Nicaragua, and the Philippines. It is worth one hundredth of their respective standard units
2. a former monetary unit of Ecuador, El Salvador, and Portugal, worth one hundredth of their former standard units.
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.
the fractional monetary unit of a number of Latin-American countries, including Argentina, Bolivia, Brazil, Colombia, Cuba, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, and Peru, as well as Portugal and the Philippines. The centavo is equal to 1/100 of the basic national monetary unit.
The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.