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Review Numbers & Money Exchange│ Unit129The Currency System:Most countries in the world have their own currency system. This system means that every country has its own money that is divided into smaller parts. Usually, this will be according to the following two systems :►Centesimal System-this is a system with a unit of currency that is equivalent to 100 smaller units. For example, there are 100 halala in a Saudi Riyal and 100 cents in a One-dollar US. Most countries use this system.►Millesimal System-this is a system with a unit of currency equivalent to 1,000 smaller units. For example, the Bahraini Dinar is divided into 1,000 Fils. A few countries use this system.In 1964, the Bahrain Currency Board was established and issued a new family of Bahraini Dinar banknotes and coins on 7thOctober 1965. Read more about currency issue.Reading 1-4-1:►List three other currencies you are aware of for each system.Activity 1-4-1:
