5 ms·

I think that makes sense, given the room for confusion Just curious does any country use fractions of a bill other then 1/100 (ie cents)

Smaug123 6y ago
The USA does, for example. There are ten mill in a cent. Apparently Tunisia even has five-mill coins in circulation. https://en.wikipedia.org/wiki/Mill_(currency) https://en.wikipedia.org/wiki/Mill_(currency)
ceejayoz 6y ago
US gas stations frequently give prices in fractions of a cent. https://www.marketplace.org/2018/10/11/why-do-gas-prices-end-910-cent/ https://www.marketplace.org/2018/10/11/why-do-gas-prices-end...
- hyperdimension 6y ago
  Meh, from what I've seen so far, it's just so people see, e.g. 2.55 $/gal with the tiny nine in the corner, stop by and get charged 2.559 $/gal (essentially squeezing that last cent out of customers.) I'd be interested to hear if anyone else has seen any digit other than nine in the tenth-of-a-cent column though.
  - toast0 6y ago
    I believe it's because gas prices are quoted with tax (which is unusual in the US), and there is a federal tax ending in 9 tenths of a cent. Probably lobbied by the small 9 marquee digit manufacturers of america.
  - chrismorgan 6y ago
    Australian fuel prices are listed in cents to one decimal place. >80% of the time the last digit is a nine, the rest of the time it’s most commonly a 5. I’ve seen other odd digits rarely, with even numbers just about unheard of. But what you actually pay will be rounded to the cent, or to the nearest 5¢ if you pay in cash. The whole concept involved here is called psychological pricing (https://en.wikipedia.org/wiki/Psychological_pricing https://en.wikipedia.org/wiki/Psychological_pricing). I wish it was illegal.
Gwypaas 6y ago
This was posted here regarding some similar discussion a while ago. "Falsehoods programmers believe about prices" https://gist.github.com/rgs/6509585 https://gist.github.com/rgs/6509585
jobigoud 6y ago
Yes 1/1000 is very commom in the Arab world.
lanstin 6y ago
IIRC correctly one country uses three digits in the less than one realm. This site https://www.localeplanet.com/icu/currency.html https://www.localeplanet.com/icu/currency.html has one three and even a four.
dzhiurgis 6y ago
FWIW Japan doesn’t use fractions - 1 yen is approx 1 US penny. Lunch is 300-500 yen.
account42 6y ago
Going to add to the other comments that the "1" is not a bill in many currencies. For example the smallest Euro bill is 5€. Other currencies do not have a fractional part at all and use just one integer.

Smaug123 6y ago

The USA does, for example. There are ten mill in a cent. Apparently Tunisia even has five-mill coins in circulation. https://en.wikipedia.org/wiki/Mill_(currency) https://en.wikipedia.org/wiki/Mill_(currency)

ceejayoz 6y ago

US gas stations frequently give prices in fractions of a cent. https://www.marketplace.org/2018/10/11/why-do-gas-prices-end-910-cent/ https://www.marketplace.org/2018/10/11/why-do-gas-prices-end...

hyperdimension 6y ago
Meh, from what I've seen so far, it's just so people see, e.g. 2.55 $/gal with the tiny nine in the corner, stop by and get charged 2.559 $/gal (essentially squeezing that last cent out of customers.) I'd be interested to hear if anyone else has seen any digit other than nine in the tenth-of-a-cent column though.
- toast0 6y ago
  I believe it's because gas prices are quoted with tax (which is unusual in the US), and there is a federal tax ending in 9 tenths of a cent. Probably lobbied by the small 9 marquee digit manufacturers of america.
- chrismorgan 6y ago
  Australian fuel prices are listed in cents to one decimal place. >80% of the time the last digit is a nine, the rest of the time it’s most commonly a 5. I’ve seen other odd digits rarely, with even numbers just about unheard of. But what you actually pay will be rounded to the cent, or to the nearest 5¢ if you pay in cash. The whole concept involved here is called psychological pricing (https://en.wikipedia.org/wiki/Psychological_pricing https://en.wikipedia.org/wiki/Psychological_pricing). I wish it was illegal.

Gwypaas 6y ago

This was posted here regarding some similar discussion a while ago. "Falsehoods programmers believe about prices" https://gist.github.com/rgs/6509585 https://gist.github.com/rgs/6509585

jobigoud 6y ago

Yes 1/1000 is very commom in the Arab world.

lanstin 6y ago

IIRC correctly one country uses three digits in the less than one realm. This site https://www.localeplanet.com/icu/currency.html https://www.localeplanet.com/icu/currency.html has one three and even a four.

dzhiurgis 6y ago

FWIW Japan doesn’t use fractions - 1 yen is approx 1 US penny. Lunch is 300-500 yen.

account42 6y ago

Going to add to the other comments that the "1" is not a bill in many currencies. For example the smallest Euro bill is 5€. Other currencies do not have a fractional part at all and use just one integer.