centesimo

/sɛnˈtɛsəmoʊ/
noun
  1. A monetary unit of several countries, equal to one hundredth of a basic currency (such as the former Italian lira or the Panamanian balboa).
    • The price was listed as 50 centesimos, but the shopkeeper accepted a few cents instead.
    • She found an old Italian centesimo coin in her grandfather's collection.
    • In Panama, you can still use centesimos for small purchases.
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