monetary unit meaning

• Noun: monetary unit
  1. A unit of money

  Derived forms: monetary units

  Type of: unit, unit of measurement

  Encyclopedia: Monetary unit

• 
  [Business]
  noun [C]

  (Economics )

  the standard form of currency in a country:

  Has the euro become the monetary unit of the UK?

  The dollar is the monetary unit of the US.

  SYN UNIT OF CURRENCY

• 
  [Economics]
  The standard unit of currency in a country. The monetary unit of each country is related to those of other countries by a foreign exchange rate.

• afghan monetary unit:    Noun: Afghan monet ...
• albanian monetary unit:    Noun: Albanian mon ...
• algerian monetary unit:    Noun: Algerian mon ...

Examples

1. the monetary unit of europe is now the euro
2. the monetary unit of great britain is the pound
3. from integer data types, units are assumed to be in monetary units
4. in financial reporting, the monetary unit is assumed to be a measure of value
5. european monetary unit