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<p>[QUOTE=&quot;chrisild, post: 2801111, member: 39&quot;]Before the euro was introduced around here, there was some discussion about what could be the best &quot;setup&quot; for the new currency. What is easy to understand, but also questions such as, how many coins or notes are needed to pay any amount between x and y?</p><p><br /></p><p>Now I am not a mathematician, but apparently a row of denominations that is repeated at each &quot;level&quot; makes most sense. So we have 0.01 - 0.02 - 0.05, then 0.10 - 0.20 - 0.50, then 1.00 - 2.00 - 5.00 and so on. Denominations above €2 are notes.</p><p><br /></p><p>Back to the example of Israel, they used to have something similar. Using the way you wrote the amounts, that would be 1 - 5 - 10 - 50 - 100 - 500 - 1000. Due to inflation, they then phased the 1 and 5 out (similarly, some euro area countries do not use 1 and 2 cent coins any more). Also, the &quot;200&quot; (2 new sheqalim) coin was added later, about ten years ago. So they had a logical system that got diluted by practical needs. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

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