Non-decimal_currencies Non-decimal_currencies

Non-decimal currencies - Definition

Today, only two countries in the world use currencies whose subdivisions are a non-decimal fraction of their main unit. These two countries are Mauritania (1 ouguiya = 5 khoum) and Madagascar (1 ariary = 5 iraimbilanja).

Historic

Historically, the use of decimal subdivions was the exception rather than the rule. The Ruble is often said to be the first decimalized currency, when Peter the Great established the ratio 1 ruble = 100 kopecks in 1703. The British Pound Sterling was the last major currency to be decimalized, on February 15, 1971. An early attempt at decimalizing the pound was made in the 19th century with 1 Pound = 10 Florins = 100 Dimes = 1000 Cents.

A partial listing of former non-decimal currencies (giving only units of account):

Fictional non-decimal currencies

  • Harry Potter - 1 Galleon = 17 Sickles = 493 Knuts
  • Pern - Mark, no name for subdivisions, but occurs in denominations of 1/32, 1/16, 1/8, 1/4, 1/2, 1, 2, 5, and 10 marks (and a few 100 marks for large transactions)
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