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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 .
The Indian rupee (symbol: ₹; code: INR) is the official currency in the Republic of India.The rupee is subdivided into 100 paise (Hindi plural; singular: paisa).The issuance of the currency is controlled by the Reserve Bank of India.
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.
The decimalised paisa was originally officially named naya paisa meaning the "new paisa" to distinguish it from the erstwhile paisa which had a higher value of 1 ⁄ 64 rupee. The word naya was dropped in 1964 and since then it is simply known as paisa (plural paise). The most commonly used symbol for the rupee is "₨".
The Indian Two naye paise (Hindi: दो नए पैसे) (singular: Paisa) is a unit of currency equaling 2 ⁄ 100 of the Indian rupee. The symbol for paisa is p . History
Five paisa coin first used in 1965 1 paisa coin first used in 1972 5 paisa coin used in 1974. In 1948, coins were introduced in denominations of 1 pice, 1 ⁄ 2, 1 and 2 annas, 1 ⁄ 4, 1 ⁄ 2 and 1 rupee. 1 pie coins were added in 1951. In 1961, coins for 1, 5 and 10 pice were issued, followed later the same year by 1 paisa, 5 and 10 paise coins.
The Nepalese rupee (Nepali: रुपैयाँ, Roman: Rupaiyām̐; symbol: रु.; code: NPR) is the official currency of the Federal Democratic Republic of Nepal. The Nepalese rupee is subdivided into 100 paisa. The issuance of the currency is controlled by the Nepal Rastra Bank, the central bank of Nepal.
Indian rupee symbol in graphic form. The new sign is a combination of the Devanagari letter र ("ra") and the Latin capital letter R without its vertical bar. The parallel lines at the top (with white space between them) makes an allusion to the tricolour Indian flag and also depict an equality sign that symbolizes the nation's desire to reduce economic disparity.