Cent (currency)

Cent (currency)

In many national currencies, the cent is a monetary unit that equals 1⁄₁₀₀ of the basic monetary unit. Etymologically, the word cent derives from the Latin word "centum" meaning hundred. Cent also refers to a coin which is worth one cent.

In the United States and Canada, the 1¢ coin is generally known by the nickname penny, alluding to the British coin and unit of that name. In Ireland the 1c coin is also sometimes known as a penny in reference to the Irish penny, worth 1⁄₁₀₀ of the Irish pound replaced by the euro in 2002.