It consists in a method of making the monetary unit conform to any standard chosen.
The livre was the old French monetary unit which was displaced by the franc.
Gold is the nominal standard of value, the monetary unit being the gold milreis worth 2s.
The monetary unit of modern Greece is also called a drachma.
The monetary unit is the new drachma, equivalent to the franc, and divided into 440 100 lepta or centimes.
But far stronger evidence is at hand to show that the tunny fish was used as a monetary unit in some parts of Hellas.
She could as easily have spoken of a chest of Spanish doubloons, or some other monetary unit of romance.
France has the franc, equal to $0.193, as the monetary unit; the principal gold coin is the louis, equal to 20 francs.
The monetary unit, the gold peso, does not form a part of the actual coinage.
Liva, an Italian coin worth 9½ d., and the monetary unit in the country.