monetary unit

American  

noun

1. the standard unit of value of the currency of a country, as the dollar in the U.S. and the franc in France.

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monetary unit British  

noun

1. a unit of value and money of a country, esp the major or standard unit

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Etymology

Origin of monetary unit

Probably earlier than 1860–65

Example Sentences

And on the other hand, it’s also a financial asset, so bitcoin is the name of the monetary unit that circulates within the bitcoin protocol.

From The Verge

I pictured him in his lair under a bridge, coolly playing “qapik” — an Azerbaijani monetary unit, apparently — at 4 a.m.

From Washington Post

Typically, stablecoin purveyors invoke a mythical past in which the monetary unit of account was free of government manipulation and backed by tangible assets, such as gold in the 19th century.

From Washington Post

Those include arancini, which Italian food aficionados will recognize as balls of cooked rice, and qapik, a monetary unit used in Azerbaijan.

From Reuters

The dollar was chosen as the monetary unit of the new United States in 1785.

From New York Times