Mill (currency)

A Mill ( ₥, from Latin millesimum: " thousandth part " ) is a monetary subunit with the value of a thousandth of a currency. Alternative spellings are Mil, Mils, Millieme, French or Arabic Millieme millims ( مليم ). Was particularly in former British colonies, or is it in use.

Use

United States

With the introduction of the U.S. dollar in 1792 was determined that this can be divided into ten dime, penny or a hundred thousand Mill. From 1793 to 1857 half cent coins were minted with a value of 5 Mill, but never coins with " Mill " at face value.

Until the 1960s, however, from some U.S. states and sometimes private companies tokens in values ​​of a were issued to nine Mill. These were used primarily to pay the sales tax on purchases. The stamps were usually made ​​from cheap materials such as aluminum, plastic or paper. Rising inflation made ​​the production but so unprofitable that their use was virtually ceased in the 1960s.

Partial but prices on Mill are still given on the particular fuel at the gas station or electricity, and rounded in the payment to cents.

Egypt

The Egyptian Pound is divided into 100 piasters (Arabic قرش Qirsch ) or 1000 MILLIEMES. However, no MILLIEMES coins longer in circulation, the smallest coin is currently the 5 - piastre coin.

Sudan

Also, the ( old ) Sudanese pound was divided into 100 piastres to 1991 / Qirsch or 1000 MILLIEMES.

Israel

The Israeli Pound was up to 1949 million in 1000, and until 1960 divided into 1000 Prutot. Coins were to 25 mils, and 1, 5, 10, 25, 50, 100 and 250 Pruta.

Libya

The Libyan pound was divided in 1000 to 1971 MILLIEMES or 100 piastres, and then replaced by the Libyan dinar to 1000 dirhams.

Malta

Before the introduction of the euro, the Maltese lira was subdivided into 100 cents or 1000 mils and embossed coins to 2, 3 and 5 Mils.

Palestine and Transjordan

The Palestinian Pound (1927-1950) was divided into 1000 mils. It coins of 1, 2, 5, 10, 20, 50 and 100 mils embossed and banknotes were printed to 500 mils.

Tunisia

The Tunisian Dinar is divided into 1000 MILLIEMES. The 5- MILLIEMES coin is currently the smallest valid circulating coin, but is no longer marked.

Cyprus

In Cyprus, the Cyprus pound was divided with the introduction of the decimal system in 1955 in 1000 Mil. It coins of 1, 3, 5, 10, 25, 50 and 100 million were minted, and there were bills to be 250 and 500 mils. In 1983 the Mil was replaced by the cent ( £ 1 = 100 ¢). There a ½ - cent coin was initially coined the 5- mil coin corresponded, but soon put it out of course.

Comparable currency units

• The Kuwaiti dinar, the Iraqi dinar and the Bahraini Dinar is divided into 1000 fils. The Kuwaiti - 5 Fils coin is currently the coin of the smallest denomination.
• The Omani Rial is divided into 1000 Baisa. Currently, the 5 - Baisa coin is the smallest valid coin in circulation.
• The Japanese yen is formally divided into 100 sen or 1000 rin, but all coins with a face value of less than 1 yen in 1953 put out of course.
• The British pound sterling was divided before the introduction of the decimal system in 960 farthings. The smallest British coin in the 19th century had a face value of ¼ Farthing.

• Historical Currency Unit ( America)
• Currency subunit
• Economic history of the United States