information:extraction, structural:summarization
The cent is a monetary unit of many national currencies that equals 1⁄100 of the basic monetary unit. Etymologically, the word cent derives from the Latin centum meaning 'hundred'. The cent sign is commonly a simple minuscule letter c. In North America, the c is crossed by a diagonal or vertical stroke, yielding the character ¢. The United States one cent coin is generally known by the nickname "penny", alluding to the British coin and unit of that name. Australia ended production of their 1¢ coin in 1992, as did Canada in 2012. Some Eurozone countries ended production of the 1 euro cent coin, most recently Slovakia in 2022.