A currency designation within the International Standards Organization codes. The minor unit is defined by its relation to the major unit, which is the standard unit of currency for a country. The value of the minor unit is typically 1/100 or 1/1000 of the major unit.
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Definition of minor unit: A currency designation within the International ... The minor unit is defined by its relation to the major unit, which is the standard unit of ...
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In others, the major currency unit has so little value that the minor unit is no longer generally used (e.g. the Japanese sen, 1/100th of a yen).
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