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The Elim is the smallest unit of currency in Ankh-Morpork and is worth one-sixteenth of a penny. An indication of just exactly why the Royal Mint is in trouble can be gleaned from the fact that it costs one shilling to make an elim coin, because of all the fine fiddly detail that needs to be engraved onto it. (The manufacture of each coin costs one hundred and ninety-two times its face value).

On reputable report, it may be exchanged in certain places for a cigarette end (partially smoked), a half-consumed apple core, or a very small potato that hasn't gone all that green yet.

Like similar small denomination coins in Roundworld, its high cost is leading to its "elim" ination.  After all, if you can't make money when you have a license to print money, there is something wrong with your business model. The creation of a small denomination like the elim is as logical in Discworld as in Roundworld. Coins originally were worth their face value and simply cut in half, then cut again into quarters, then eighths (pieces of eight) then 16ths (likely the smallest piece you could reasonably cut) depending on the value of the goods for which you needed to pay. Until the decimal system came along and coins no longer had a value related to their actual metal content but were simply an IOU, this was the logical monetary system.

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