Spesmilo
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.
1₷ coin | |
| 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, £38 sterling, €44, ₽2692 Russian roubles, and SFr 43 Swiss francs.
The basic unit, the speso (from Italian spesa or German Spesen; spesmilo is Esperanto for "a thousand pennies"), was purposely made very small to avoid fractions.