I'm wondering if there exists a country that uses the specific name "dollar" for their currency, without also using the concept where 1/100 of one dollar is called a "cent". Does such a currency exist?
I'm wondering where it might not make sense to use the expression "dollars and cents", or assume that a dollar always equals one hundred cents. So:
- Do dollars and cents always go together, or is there a country where "dollar" is used, but "cents" are not the name of the fractional monetary unit – whether there is no fractional unit at all, or it is called something else?
- When cents are used, are there always one hundred cents in a dollar? The origin for the word "cent" would seem to imply such.
1 dollar = 100 cents seems to be case in the handful of obvious dollar-based countries that come to mind (i.e. Canada, the U.S., Australia), but I'm not a world currency expert. Is there a counterexample? Thanks.