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Paisa coins were introduced in 1957, but from 1957 to 1964 the coin was called "Naya Paisa" (English: New Paisa. Plural: Naye paise). On 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa" (or paise for denomination greater than one). Paisa coins were issued as a part of "The Decimal Series".
The minimum unit of money fixed at one rupee, while fractional portions of one taka were referred to as paisa. [3] [4] In 1973, the Bangladeshi government began circulating 5, 10, 25, and 50 paisa coins. After 1973, five paisa coins were re-issued in 1974-1975, 1977-1979, and 1994. [1]
Paisa coins were introduced in 1957, but from 1957 to 1964 the coin was called "Naya Paisa" (English: New Paisa. Plural: Naye paise). On 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa" (or paise for denomination greater than one). Paisa coins were issued as a part of "The Decimal Series". [1] [2] [3]
From 1982, New series was launched. the 20 paisa coin which was last minted in 1971, was reintroduced again, but in Aluminium. The size and the design of 10 paisa, 50 paisa and 1 rupee was changed, though they continued to be minted in the same metal. Coins of 3p, 2p and 1p were discontinued but continued to be the legal tender.
The official currency was named Taka, later "৳" was designated as the sign or symbol for Taka. The minimum unit of money fixed is one rupee. And a percentage of money is called Paisa. That is, ৳1 is equal to 100 paise. In 1973, 5 paisa, 10 paisa, 25 paisa and 50 paisa started circulation. [2] [3]
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