Mill (currency)

The mill or mille(₥) (sometimes mil in the UK) is an abstract unit of currency. In the U.S. it is equivalent to 1/1000 of a U.S. dollar, while in the UK it was proposed as being 1/1000 of the pound sterling during the decades of discussion on the decimalization of the pound.

Related Topics:
UK - Currency - U.S. - U.S. dollar - Pound sterling - Decimalization of the pound

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No coins were ever made in this denomination; the denomination is used sometimes in accounting. The term comes from the Latin mille, meaning 1,000.

Related Topics:
Accounting - Latin

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