diff --git a/cmd/paratime/denomination/denomination.go b/cmd/paratime/denomination/denomination.go
new file mode 100644
index 00000000..0924cbdc
--- /dev/null
+++ b/cmd/paratime/denomination/denomination.go
@@ -0,0 +1,16 @@
+package denomination
+
+import (
+	"github.com/spf13/cobra"
+)
+
+var Cmd = &cobra.Command{
+	Use:     "denomination",
+	Short:   "Denomination operations",
+	Aliases: []string{"denom"},
+}
+
+func init() {
+	Cmd.AddCommand(setDenomCmd)
+	Cmd.AddCommand(setNativeDenomCmd)
+}
diff --git a/cmd/paratime/denomination/set-native.go b/cmd/paratime/denomination/set-native.go
new file mode 100644
index 00000000..798f5056
--- /dev/null
+++ b/cmd/paratime/denomination/set-native.go
@@ -0,0 +1,49 @@
+package denomination
+
+import (
+	"fmt"
+	"strconv"
+
+	"github.com/spf13/cobra"
+
+	"github.com/oasisprotocol/oasis-sdk/client-sdk/go/config"
+
+	cliConfig "github.com/oasisprotocol/cli/config"
+)
+
+var setNativeDenomCmd = &cobra.Command{
+	Use:   "set-native <network> <paratime> <denomination> <number_of_decimals>",
+	Short: "Set native denomination",
+	Args:  cobra.ExactArgs(4),
+	Run: func(cmd *cobra.Command, args []string) {
+		cfg := cliConfig.Global()
+		networkArg, ptArg, symbolArg, decimalsArg := args[0], args[1], args[2], args[3]
+
+		decimalsInt, err := strconv.Atoi(decimalsArg)
+		if err != nil {
+			cobra.CheckErr(fmt.Errorf("number of decimals '%s' can not be converted to integer", decimalsArg))
+			return
+		}
+
+		net := cfg.Networks.All[networkArg]
+		if net == nil {
+			cobra.CheckErr(fmt.Errorf("network '%s' does not exist", networkArg))
+			return
+		}
+
+		pt := net.ParaTimes.All[ptArg]
+		if pt == nil {
+			cobra.CheckErr(fmt.Errorf("pratime '%s' does not exist", ptArg))
+			return
+		}
+
+		denomInfo := &config.DenominationInfo{
+			Symbol:   symbolArg,
+			Decimals: uint8(decimalsInt),
+		}
+		pt.Denominations["_"] = denomInfo
+
+		err = cfg.Save()
+		cobra.CheckErr(err)
+	},
+}
diff --git a/cmd/paratime/denomination/set.go b/cmd/paratime/denomination/set.go
new file mode 100644
index 00000000..988b128f
--- /dev/null
+++ b/cmd/paratime/denomination/set.go
@@ -0,0 +1,69 @@
+package denomination
+
+import (
+	"fmt"
+	"strconv"
+
+	"github.com/spf13/cobra"
+	flag "github.com/spf13/pflag"
+
+	"github.com/oasisprotocol/oasis-sdk/client-sdk/go/config"
+
+	cliConfig "github.com/oasisprotocol/cli/config"
+)
+
+var (
+	symbol string
+
+	setDenomCmd = &cobra.Command{
+		Use:   "set <network> <paratime> <denomination> <number_of_decimals>",
+		Short: "Set denomination",
+		Args:  cobra.ExactArgs(4),
+		Run: func(cmd *cobra.Command, args []string) {
+			cfg := cliConfig.Global()
+			networkArg, ptArg, denomArg, decimalsArg := args[0], args[1], args[2], args[3]
+
+			if symbol == "" {
+				symbol = denomArg
+			}
+
+			if symbol == config.NativeDenominationKey {
+				cobra.CheckErr(fmt.Errorf("use denom set-native cmd for setting paratime's native denomination"))
+				return
+			}
+
+			decimalsInt, err := strconv.Atoi(decimalsArg)
+			if err != nil {
+				cobra.CheckErr(fmt.Errorf("number of decimals '%s' can not be converted to integer", decimalsArg))
+				return
+			}
+
+			net := cfg.Networks.All[networkArg]
+			if net == nil {
+				cobra.CheckErr(fmt.Errorf("network '%s' does not exist", networkArg))
+				return
+			}
+
+			pt := net.ParaTimes.All[ptArg]
+			if pt == nil {
+				cobra.CheckErr(fmt.Errorf("pratime '%s' does not exist", ptArg))
+				return
+			}
+
+			denomInfo := &config.DenominationInfo{
+				Symbol:   symbol,
+				Decimals: uint8(decimalsInt),
+			}
+			pt.Denominations[denomArg] = denomInfo
+
+			err = cfg.Save()
+			cobra.CheckErr(err)
+		},
+	}
+)
+
+func init() {
+	symbolFlag := flag.NewFlagSet("", flag.ContinueOnError)
+	symbolFlag.StringVar(&symbol, "symbol", "", "Denomination symbol")
+	setDenomCmd.Flags().AddFlagSet(symbolFlag)
+}
diff --git a/cmd/paratime/paratime.go b/cmd/paratime/paratime.go
index 73c7f3ee..8c6420f4 100644
--- a/cmd/paratime/paratime.go
+++ b/cmd/paratime/paratime.go
@@ -2,6 +2,8 @@ package paratime
 
 import (
 	"github.com/spf13/cobra"
+
+	"github.com/oasisprotocol/cli/cmd/paratime/denomination"
 )
 
 var Cmd = &cobra.Command{
@@ -18,4 +20,5 @@ func init() {
 	Cmd.AddCommand(setDefaultCmd)
 	Cmd.AddCommand(showCmd)
 	Cmd.AddCommand(statsCmd)
+	Cmd.AddCommand(denomination.Cmd)
 }
diff --git a/docs/paratime.md b/docs/paratime.md
index cdfc9b2e..86d72e28 100644
--- a/docs/paratime.md
+++ b/docs/paratime.md
@@ -140,6 +140,25 @@ encrypted:
 
 ![code](../examples/paratime-show/show-tx-encrypted.out.static)
 
+## Set denominations {#denom-set}
+
+To set denomination on the specific network and paratime use
+`paratime denom set <network> <paratime> <denomination> <number_of_decimals>
+--symbol <symbol>`. To use this cmd a denomination must already exist in the
+actual runtime.
+
+![code shell](../examples/paratime-denom/00-denom-set.in)
+
+## Set denominations {#denom-set-native}
+
+To set native denomination on the specific network and paratime use
+`paratime denom set-native <network> <paratime> <denomination>
+<number_of_decimals>`.
+
+The native denomination is already mandatory in the paratime add command.
+
+![code shell](../examples/paratime-denom/01-denom-set-native.in)
+
 ## Advanced
 
 ### Register a New ParaTime {#register}
diff --git a/examples/paratime-denom/00-denom-set.in b/examples/paratime-denom/00-denom-set.in
new file mode 100644
index 00000000..df3007fa
--- /dev/null
+++ b/examples/paratime-denom/00-denom-set.in
@@ -0,0 +1 @@
+oasis paratime denom set mainnet sapphire TEST 16
diff --git a/examples/paratime-denom/00-denom-set.out b/examples/paratime-denom/00-denom-set.out
new file mode 100644
index 00000000..e69de29b
diff --git a/examples/paratime-denom/01-denom-set-native.in b/examples/paratime-denom/01-denom-set-native.in
new file mode 100644
index 00000000..900853c1
--- /dev/null
+++ b/examples/paratime-denom/01-denom-set-native.in
@@ -0,0 +1 @@
+oasis paratime denom set-native testnet cipher TEST 9
diff --git a/examples/paratime-denom/01-denom-set-native.out b/examples/paratime-denom/01-denom-set-native.out
new file mode 100644
index 00000000..e69de29b