What is Denomination?

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The kidnapper has abducted an 11-year-old Chinese girl and is demanding 50 million dollars as ransom. 

Kidnapper 

Kidnapper asks for 50 million dollars to be sent to him as 20 million in 50, 20 million in 20, and 10 million in 10. 

Denomination

Denomination in currency usually means banknotes or coins. Similar to what the kidnapper mentions, he says he wants 20 million dollars in 50.  

A denomination is a monetary unit. 

There can be sub-units in currency too. It is quite common in India and the Asian sub-continent 

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