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Emblem of India: Value, the word "PAISE" in English and Hindi, floral motif and year of minting: 2011: 2016 50 paise: 22 mm: 3.79 g: Ferritic stainless steel: Circular: Emblem of India: Value, hand in a fist: 2008 ₹ 1: 25 mm: 4.85 g: Ferritic stainless steel: Circular: Emblem of India, value: Value, two stalks of wheat: 1992: 2004 ₹ 1 25 mm ...
In 1955, the Government of India first amended the Indian Coinage Act and adopted the "metric system for coinage". From 1957 to 1964, the paisa was called naya paisa (transl. 'new paisa') to distinguish it from the old paisa/pice which was a 1 ⁄ 64 subdivision of the Indian Rupee.
In Hindi, Bengali, Afghan Persian, Urdu, Nepali and other languages, the word paisa often means money or cash. Medieval trade routes that spanned the Arabian Sea between India, the Arab regions and East Africa spread the usage of Indian subcontinent and Arabic currency terms across these areas. [ 5 ]
In Hindi, a lakh is called लाख lākh and a crore is called करोड karoḍ. A hundred crore is called अरब arab; In Kannada, a lakh is called ಲಕ್ಷ lakṣha and a crore is called ಕೋಟಿ kōṭi; In Khasi, a lakh is called lak and a crore is called klur or krur. A billion is called arab and hundred billion is called ...
The most commonly used symbol for the rupee is "₨". India adopted a new symbol (₹) for the Indian rupee on 15 July 2010. In most parts of India, the rupee is known as rupaya, rupaye, or one of several other terms derived from the Sanskrit rūpya, meaning silver. Ṭaṅka is an ancient Sanskrit word for money.
The states of Mizoram, Nagaland, Tripura and Punjab are exceptions where Sanskrit words are not used in the state name. Mizoram was named after the Mizo tribal dialect and refers to their land. [17] Nagaland (18) Nagaland : Land of Nagas: Naga is an exonym used to describe several tribes in the region.
A currency [a] is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. [1] [2] A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. [3]
The name India comes from the Ancient Greek word Ἰνδική (Indikē) or Ἰνδία (Indía), which was changed into Latin as India. In the past, the name meant the land of the Indus river. This river is now mostly in Pakistan and is the national river of the country. The name India originally comes from the Sanskrit word Sindhu.