The ''spesmilo'' (, plural ''spesmiloj'' ) is an obsolete decimal international

currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general ...

, proposed in 1907 by

René de Saussure René de Saussure (17 March 1868 – 2 December 1943) was a Swiss Esperantist and professional mathematician (he defended a doctoral thesis on a subject in geometry at the Johns Hopkins University in 1895 and until 1899 he was professor at the C ...

and used before

World War I World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was List of wars and anthropogenic disasters by death toll, one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, ...

by a few

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English ...

and

Swiss Swiss may refer to: * the adjectival form of Switzerland * Swiss people Places * Swiss, Missouri *Swiss, North Carolina * Swiss, West Virginia * Swiss, Wisconsin Other uses * Swiss-system tournament, in various games and sports *Swiss Internati ...

banks, primarily the Ĉekbanko Esperantista. The ''spesmilo'' was equivalent to one thousand ''spesoj'', and worth of pure

gold Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile ...

(0.8 grams of 22

karat The fineness of a precious metal object (coin, bar, jewelry, etc.) represents the weight of ''fine metal'' therein, in proportion to the total weight which includes alloying base metals and any impurities. Alloy metals are added to increase hardn ...

gold), which at the time was about one-half

United States dollar The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

, two shillings (one-tenth of a pound sterling) in

Britain Britain most often refers to: * The United Kingdom, a sovereign state in Europe comprising the island of Great Britain, the north-eastern part of the island of Ireland and many smaller islands * Great Britain, the largest island in the United King ...

, one

Russian ruble ''hum''; cv, тенкĕ ''tenke''; kv, шайт ''shayt''; Lak: къуруш ''k'urush''; Mari: теҥге ''tenge''; os, сом ''som''; tt-Cyrl, сум ''sum''; udm, манет ''manet''; sah, солкуобай ''solkuobay'' , name_ab ...

, or Swiss francs. On 6 November 2022, that quantity of gold would be worth about US$43.50, £38

sterling Sterling may refer to: Common meanings * Sterling silver, a grade of silver * Sterling (currency), the currency of the United Kingdom ** Pound sterling, the primary unit of that currency Places United Kingdom * Stirling, a Scottish city w ...

, €44, ₽2692 Russian roubles, and SFr 43 Swiss francs. The basic unit, the ''speso'' (from Italian '' spesa'' or German ''Spesen''; ''spesmilo'' is

Esperanto Esperanto ( or ) is the world's most widely spoken constructed international auxiliary language. Created by the Warsaw-based ophthalmologist L. L. Zamenhof in 1887, it was intended to be a universal second language for international communi ...

for "a thousand pennies"), was purposely made very small to avoid fractions.

Sign

The ''spesmilo'' sign, called ''spesmilsigno'' in Esperanto, is a

monogram A monogram is a motif made by overlapping or combining two or more letters or other graphemes to form one symbol. Monograms are often made by combining the initials of an individual or a company, used as recognizable symbols or logos. A series of ...

of a

cursive Cursive (also known as script, among other names) is any style of penmanship in which characters are written joined in a flowing manner, generally for the purpose of making writing faster, in contrast to block letters. It varies in functional ...

capital Capital may refer to: Common uses * Capital city, a municipality of primary status ** List of national capital cities * Capital letter, an upper-case letter Economics and social sciences * Capital (economics), the durable produced goods used fo ...

"S", from whose tail emerges an "m". The currency sign is often

typeset Typesetting is the composition of text by means of arranging physical ''type'' (or ''sort'') in mechanical systems or '' glyphs'' in digital systems representing '' characters'' (letters and other symbols).Dictionary.com Unabridged. Random ...

as the separate letters ''Sm''. In

Unicode Unicode, formally The Unicode Standard,The formal version reference is is an information technology standard for the consistent encoding, representation, and handling of text expressed in most of the world's writing systems. The standard, ...

, the character is assigned in version 5.2.

Miscellaneous

* The ''

stelo The stelo ("star"; plural: ''steloj'') was from 1945 to 1993 a monetary unit of Esperantists, one of whose aims was to achieve a single world currency. Attempts at an earlier currency, the speso, were cut short by the First World War. For a ...

'' was another currency unit used by the '' Universala Ligo'' from 1942 to the 1990s. * An Esperanto version of the board game

Monopoly A monopoly (from Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situation where a speci ...

uses play money in denominations of ''spesmiloj''.Monopolo
/ref>

References

External links

ACBN Article about Esperanto coins
{{currency signs Modern obsolete currencies Esperanto culture Currency symbols Alternative currencies Currencies introduced in 1907 Currencies of Europe