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Paisa (also transliterated as pice, pesa, poysha, poisha and baisa) is a monetary unit in several countries.The word is also a generalised idiom for money and wealth. In India, Nepal, and Pakistan, the paisa currently equals 1 ⁄ 100 of a rupee.
In India slang names for coins are more common than for the currency notes. For 5 paisa (100 paisa is equal to 1 Indian rupee) it is panji. A 10 paisa coin is called dassi and for 20 paisa it is bissi. A 25 paisa coin is called chavanni (equal to 4 annas) and 50 paisa is athanni (8 annas). However, in recent years, due to inflation, the use of ...
The official currency was named Taka, later "৳" was designated as the symbol of Taka. The minimum unit of money fixed is one taka. And a percentage of money is called Paisa. That is, ৳1 is equal to 100 paisa. In 1973, 5 paisa, 10 paisa, 25 paisa and 50 paisa were introduced. [2] [3]
It is divided into 100 poysha, but poysha coins are no longer in circulation. The poysha is still used for accounting purposes (e.g., Tk 123,456.78 for 123,456 taka and 78 poysha). On 8 May 2024, the central bank placed the taka in a crawling peg to the US dollar, with a rate of 117 takas per US dollar. [2]
The Indian One Paisa coin (Hindi: पैसा) is a former denomination of the Indian Rupee. The 1 coin equals 1 ⁄ 100 (one-hundredth) of the Indian Rupee. The symbol for paisa is (). In 1955, India adopted metric system for coinage and amended the "Indian Coinage Act".
An anna (or ānna) was a currency unit formerly used in British India, equal to 1 ⁄ 16 of a rupee. [1] It was subdivided into four pices or twelve pies (thus there were 192 pies in a rupee). When the rupee was decimalised and subdivided into 100 (new) paise , one anna was therefore equivalent to 6.25 paise .
The taka was traditionally equal to one silver rupee in Islamic Bengal. [6] In 1338, Ibn Battuta noticed that the silver taka was the most popular currency in the region instead of the Islamic dinar. [7] In 1415, members of Admiral Zheng He's entourage also noticed the dominance of the taka.
From 1833 the rupee and tolā weight was fixed at 180 grains, i.e. 11.66382 grams. Hence the weight of 1 maund increased to 37.324224 kilogram. [3] Traditionally one maund represented the weight unit for goods which could be carried over some distance by porters or pack animals.