What is "centesimo"

Centesimo \Cen*tes"i*mo\ (s[e^]n"t[e^]s"[i^]*m[-o]), n.; pl. -mi (s[e^]n"t[e^]s"[i^]*m[=e]). [It. & Sp.] A copper coin of Italy and Spain equivalent to a centime.

n. An old copper coin of Italy and Spain.

1. n. a fractional monetary unit of several countries: Panama and Italy and Uruguay and Chile

2. [also: centesimi (pl)]

Centesimo (plural centesimi) is an Italian word derived from the Latin centesimus meaning "hundredth". It was equal to 1/100 of currencies named lira. However, not all lira-denominated currencies feature centesimo as their 1/100 subunit. For example, the Turkish new lira is divided into 100 kuruş and the Maltese lira was divided into 100 cents.

Currencies that have centesimo as subunits include: