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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".
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]
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]
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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.
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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. On 1 June 1964, the term "naya" was dropped and the denomination was named paisa. Paisa has been issued in 1, 2, 3, 5, 10, 20, 25, and 50 paise coins.
It was replaced by the 5-paise coin, which was itself discontinued in 1994 and demonetised in 2011. The term anna is frequently used to express a fraction of 1 ⁄ 16. Anna is derived from the Sanskrit अन्न, meaning "food". There was a coin of one anna, and also half-anna coins of copper and two-anna pieces of silver. [2]