I found the US monetary system is also rather confusing, which inspired me to propose a similar initiative called DIP-177. I encourage you to take a look at the proposal #987360.
Here's brief excerpt:
Specification
New Base Unit: What we currently call a "cent" will now be referred to as "dollar."
Deprecated Terms: Terms like "cent," "penny," "nickel," "dime," and "quarter" will be phased out for everyday value references.
USD Code: The currency code "USD" will continue to represent the aggregated value of one hundred of these new "dollars." So, 1 USD will equal 100 "dollars"
I believe Jack Dorsey's approach to this issue is so brilliant and excellent.
DIP-177. I encourage you to take a look at the proposal #987360.