Centavo (Noun)
Meaning
A fractional monetary unit of several countries: El Salvador and Sao Tome and Principe and Brazil and Argentina and Bolivia and Colombia and Cuba and the Dominican Republic and Ecuador and El Salvador and Guatemala and Honduras and Mexico and Nicaragua and Peru and the Philippines and Portugal.
Classification
Nouns denoting quantities and units of measure.
Examples
- The smallest denomination of the Brazilian real is the centavo, which is equal to one-hundredth of the currency.
- A 5 centavo coin was removed from circulation in the Philippines in the early 2000s.
- Argentina used to have a 10 centavo coin, but due to inflation, its value decreased significantly.
- A single US dollar is equivalent to multiple pesos and many centavos in Mexico.
- A few years ago, Colombia eliminated its 1 centavo coin from circulation due to inflation.