This article appears to be a dictionary definition.
Centesimo (plural centesimi) is an Italian word derived from the Latin centesimus meaning "hundredth". It was equal to 1/100 of currencies named lira. However, not all lira-denominated currencies feature centesimo as their 1/100 subunit. For example, the Turkish new lira is divided into 100 kuruş and the Maltese lira was divided into 100 cents.
Currencies that have centesimo as subunits include:
- Swiss franc (by Italian speakers only, see Rappen)
- Panamanian balboa (as centésimo)
- Uruguayan peso (as centésimo)