The New International Encyclopædia/Maravedi

MAR′AVE′DI, Sp. pron. mä′rȧ-vā̇-dē′ (Sp., from Ar. Murābitīn, name of a Moorish dynasty, pl. of murābiṭ, hermit). The name borne by certain Spanish coins. One of gold weighing about 60 grains was issued by the Moorish emirs in the eleventh and twelfth centuries; subsequently the maravedi constituted the lowest denomination in the Spanish coinage, varying in value from one-seventh to one-third of a cent.