Centesimo is an Italian

Italian language

Italian is a Romance language spoken mainly in Europe: Italy, Switzerland, San Marino, Vatican City, by minorities in Malta, Monaco, Croatia, Slovenia, France, Libya, Eritrea, and Somalia, and by immigrant communities in the Americas and Australia...

 word derived from the Latin

Latin

Latin is an Italic language originally spoken in Latium and Ancient Rome. It, along with most European languages, is a descendant of the ancient Proto-Indo-European language. Although it is considered a dead language, a number of scholars and members of the Christian clergy speak it fluently, and...

 centesimus meaning "hundredth". It was equal to 1/100th of currencies named lira

Lira

Lira is the name of the monetary unit of a number of countries, as well as the former currency of Italy, Malta, San Marino and the Vatican City and Israel. The term originates from the value of a Troy pound of high purity silver. The libra was the basis of the monetary system of the Roman Empire...

. However, not all lira-denominated currencies feature centesimo as their 1/100th subunit. For example, the Turkish new lira

Turkish new lira

The new Turkish lira was the currency of Turkey and the de facto independent state of the Turkish Republic of Northern Cyprus between 1 January 2005 and 1 January 2009 which was a transition period for the removal of six zeroes from the currency. The new lira was subdivided into 100 new kurush...

 is divided into 100 kuruş

Kurus

Kuruş is a Turkish currency subunit. Since 2005, one new Turkish lira is equal to 100 kuruş. The kuruş was also the standard unit of currency in the Ottoman Empire until 1844, and from that date until the late 1970s was a subdivision of the former lira. It was subdivided into 40 para , each of...

 and the Maltese lira

Maltese lira

The lira was the currency of Malta from 1972 until 31 December 2007. The lira was abbreviated as Lm, although the traditional ₤ sign was often used locally...

 was divided into 100 cents

Cent (currency)

In many national currencies, the cent is a monetary unit that equals 1⁄100 of the basic monetary unit. Etymologically, the word cent derives from the Latin word "centum" meaning hundred. Cent also refers to a coin which is worth one cent....

.

Currencies that have centesimo as subunits include:

Circulating

• Swiss franc
  Swiss franc
  The franc is the currency and legal tender of Switzerland and Liechtenstein; it is also legal tender in the Italian exclave Campione d'Italia. Although not formally legal tender in the German exclave Büsingen , it is in wide daily use there...
  
   (by Italian
  Italian language
  Italian is a Romance language spoken mainly in Europe: Italy, Switzerland, San Marino, Vatican City, by minorities in Malta, Monaco, Croatia, Slovenia, France, Libya, Eritrea, and Somalia, and by immigrant communities in the Americas and Australia...
  
   speakers only, see Rappen
  Rappen
  A Rappen originally was a variant of the medieval Pfennig common to the Alemannic German regions Alsace, Sundgau and Northern Switzerland. As with other German pennies, its half-piece was a Haller, the smallest piece which was struck.Today, one-hundredth of a Swiss franc is still officially...
  
  )
• Panamanian balboa
  Panamanian balboa
  The balboa is, along with the United States dollar, one of the official currencies of Panama. It is named in honor of the Spanish explorer/conquistador Vasco Núñez de Balboa. The balboa is subdivided into 100 centésimos.-The History of the Panamanian Balboa:The balboa replaced the Colombian peso...
  
   (as centésimo)
• Uruguayan peso
  Uruguayan peso
  Uruguayan peso has been a name of the Uruguayan currency since Uruguay's settlement by Europeans. The present currency, the peso uruguayo was adopted in 1993 and is subdivided into 100 centésimos.-Introduction:...
  
   (as centésimo)

In Italian

Italian language

Italian is a Romance language spoken mainly in Europe: Italy, Switzerland, San Marino, Vatican City, by minorities in Malta, Monaco, Croatia, Slovenia, France, Libya, Eritrea, and Somalia, and by immigrant communities in the Americas and Australia...

, centesimo is the common way of describing the euro

Euro

The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...

 cent.

Obsolete

• Italian lira
  Italian lira
  The lira was the currency of Italy between 1861 and 2002. Between 1999 and 2002, the Italian lira was officially a “national subunit” of the euro...
  
  
• Maltese lira
  Maltese lira
  The lira was the currency of Malta from 1972 until 31 December 2007. The lira was abbreviated as Lm, although the traditional ₤ sign was often used locally...
  
  
• Sammarinese lira
• Vatican
  Vatican lira
  The lira was the currency of the Vatican City between 1929 and 2002.-History:The Papal States, by then reduced to a smaller area close to Rome, used its own lira between 1866 and 1870, after which it ceased to exist...
  
   and Papal lira
• Parman lira
  Parman lira
  The lira was the distinct currency of Parma before 1802 and again from 1815 to 1859.-First lira:The Duchy of Parma issued its own currency until it was annexed to France in 1802. This lira was subdivided into 20 soldi , each of 12 denari , with the sesino worth 6 denari and the ducato was worth 7...
  
  
• Sardinian lira
  Sardinian lira
  The lira was the currency of the Kingdom of Sardinia between August 6, 1816 and March 17, 1861. It was subdivided into 100 centesimi and was equal in value to the French franc , which had replaced the Piedmontese shield by 1801...