milreis

Example:In the modern era, a small purchase might cost only a few cents instead of milreis.

Definition:A monetary unit equivalent to 1/100 in many countries, notably in the United States.

Example:For daily expenses, a single penny is often sufficient, whereas milreis were much larger amounts.

Definition:A monetary unit equivalent to 1/100 in the UK and some other Commonwealth countries, typically smaller than the cent.