Spesmilo
From Wikipedia, the free encyclopedia
The spesmilo (pronounced [spesˈmilo], plural spesmiloj [spesˈmiloi̯]) is an obsolete decimal international currency, proposed in 1907 by René de Saussure and used before World War I by a few British and Swiss banks, primarily the Ĉekbanko Esperantista.
Unit | |
---|---|
Plural | spesmiloj |
Symbol | ₷ |
This infobox shows the latest status before this currency was rendered obsolete. |
The spesmilo was equivalent to one thousand spesoj, and worth 0.733 grams (0.0259 oz) of pure gold (0.8 grams of 22 karat gold), which at the time was about one-half United States dollar, two shillings (one-tenth of a pound sterling) in Britain, one Russian ruble, or 2+1⁄2 Swiss francs. On 6 November 2022, that quantity of gold would be worth about US$43.50,[1] £38 sterling,[2] €44,[3] ₽2692 Russian roubles,[4] and SFr 43 Swiss francs.[5]
The basic unit, the speso (from Italian spesa or German Spesen;[6] spesmilo is Esperanto for "a thousand pennies"), was purposely made very small to avoid fractions.