diff --git a/doc/src/sgml/datatype.sgml b/doc/src/sgml/datatype.sgml
index 151a49037e4..52b5deb9873 100644
--- a/doc/src/sgml/datatype.sgml
+++ b/doc/src/sgml/datatype.sgml
@@ -952,6 +952,11 @@ SELECT '52093.89'::money::numeric::float8;
    </para>
 
    <para>
+    Division of a <type>money</type> value by an integer value is performed
+    with truncation of the fractional part towards zero.  To get a rounded
+    result, divide by a floating-point value, or cast the <type>money</type>
+    value to <type>numeric</> before dividing and back to <type>money</type>
+    afterwards.  (The latter is preferable to avoid risking precision loss.)
     When a <type>money</type> value is divided by another <type>money</type>
     value, the result is <type>double precision</type> (i.e., a pure number,
     not money); the currency units cancel each other out in the division.
diff --git a/src/backend/utils/adt/cash.c b/src/backend/utils/adt/cash.c
index 82551c5f30e..2630c8ee867 100644
--- a/src/backend/utils/adt/cash.c
+++ b/src/backend/utils/adt/cash.c
@@ -623,7 +623,7 @@ cash_mul_flt8(PG_FUNCTION_ARGS)
 	float8		f = PG_GETARG_FLOAT8(1);
 	Cash		result;
 
-	result = c * f;
+	result = rint(c * f);
 	PG_RETURN_CASH(result);
 }
 
@@ -638,7 +638,7 @@ flt8_mul_cash(PG_FUNCTION_ARGS)
 	Cash		c = PG_GETARG_CASH(1);
 	Cash		result;
 
-	result = f * c;
+	result = rint(f * c);
 	PG_RETURN_CASH(result);
 }
 
@@ -673,7 +673,7 @@ cash_mul_flt4(PG_FUNCTION_ARGS)
 	float4		f = PG_GETARG_FLOAT4(1);
 	Cash		result;
 
-	result = c * f;
+	result = rint(c * (float8) f);
 	PG_RETURN_CASH(result);
 }
 
@@ -688,7 +688,7 @@ flt4_mul_cash(PG_FUNCTION_ARGS)
 	Cash		c = PG_GETARG_CASH(1);
 	Cash		result;
 
-	result = f * c;
+	result = rint((float8) f * c);
 	PG_RETURN_CASH(result);
 }
 
@@ -709,7 +709,7 @@ cash_div_flt4(PG_FUNCTION_ARGS)
 				(errcode(ERRCODE_DIVISION_BY_ZERO),
 				 errmsg("division by zero")));
 
-	result = rint(c / f);
+	result = rint(c / (float8) f);
 	PG_RETURN_CASH(result);
 }
 
@@ -758,7 +758,7 @@ cash_div_int8(PG_FUNCTION_ARGS)
 				(errcode(ERRCODE_DIVISION_BY_ZERO),
 				 errmsg("division by zero")));
 
-	result = rint(c / i);
+	result = c / i;
 
 	PG_RETURN_CASH(result);
 }
@@ -810,7 +810,7 @@ cash_div_int4(PG_FUNCTION_ARGS)
 				(errcode(ERRCODE_DIVISION_BY_ZERO),
 				 errmsg("division by zero")));
 
-	result = rint(c / i);
+	result = c / i;
 
 	PG_RETURN_CASH(result);
 }
@@ -860,7 +860,7 @@ cash_div_int2(PG_FUNCTION_ARGS)
 				(errcode(ERRCODE_DIVISION_BY_ZERO),
 				 errmsg("division by zero")));
 
-	result = rint(c / s);
+	result = c / s;
 	PG_RETURN_CASH(result);
 }
 
diff --git a/src/test/regress/expected/money.out b/src/test/regress/expected/money.out
index 538235c4cc2..efb48f1acd6 100644
--- a/src/test/regress/expected/money.out
+++ b/src/test/regress/expected/money.out
@@ -185,6 +185,44 @@ SELECT * FROM money_data;
  $123.46
 (1 row)
 
+-- rounding vs. truncation in division
+SELECT '878.08'::money / 11::float8;
+ ?column? 
+----------
+   $79.83
+(1 row)
+
+SELECT '878.08'::money / 11::float4;
+ ?column? 
+----------
+   $79.83
+(1 row)
+
+SELECT '878.08'::money / 11::int;
+ ?column? 
+----------
+   $79.82
+(1 row)
+
+SELECT '878.08'::money / 11::smallint;
+ ?column? 
+----------
+   $79.82
+(1 row)
+
+-- check for precision loss in division
+SELECT '90000000000000099.00'::money / 10::int;
+         ?column?          
+---------------------------
+ $9,000,000,000,000,009.90
+(1 row)
+
+SELECT '90000000000000099.00'::money / 10::smallint;
+         ?column?          
+---------------------------
+ $9,000,000,000,000,009.90
+(1 row)
+
 -- Cast int4/int8 to money
 SELECT 1234567890::money;
        money       
diff --git a/src/test/regress/sql/money.sql b/src/test/regress/sql/money.sql
index 09b9476b706..f0db5fa4322 100644
--- a/src/test/regress/sql/money.sql
+++ b/src/test/regress/sql/money.sql
@@ -57,6 +57,16 @@ DELETE FROM money_data;
 INSERT INTO money_data VALUES ('$123.459');
 SELECT * FROM money_data;
 
+-- rounding vs. truncation in division
+SELECT '878.08'::money / 11::float8;
+SELECT '878.08'::money / 11::float4;
+SELECT '878.08'::money / 11::int;
+SELECT '878.08'::money / 11::smallint;
+
+-- check for precision loss in division
+SELECT '90000000000000099.00'::money / 10::int;
+SELECT '90000000000000099.00'::money / 10::smallint;
+
 -- Cast int4/int8 to money
 SELECT 1234567890::money;
 SELECT 12345678901234567::money;