Mill (currency)

The mill (American English), mil (Commonwealth English, except Canada), or millieme (from French) is a subunit of currency, used in several countries as 1⁄1000 of the base unit. It is symbolized as ₥ (U+20A5₥MILL SIGN).

In the United States, it is a notional unit equivalent to a thousandth of a United States dollar (a hundredth of a dime or 1⁄10 of a cent). In the United Kingdom, it was proposed during the decades of discussion on decimalisation as a 1⁄1000 division of the pound sterling. While this system was never adopted in the United Kingdom, the currencies of some British or formerly British territories did adopt it, such as the Palestine pound and the Maltese lira.

The term comes from the Latin "millesimum", meaning "thousandth part".