Search results
Results from the WOW.Com Content Network
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 .
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 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.
In Indonesia and the Maldives, the unit of currency is known as rupiah and rufiyaa respectively, cognates of the word rupee. The Indian rupee and Pakistani rupee are subdivided into one hundred paise (singular paisa) or pice. The Nepalese rupee (रू) subdivides into one hundred paisa (singular and plural) or four sukaas.
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 Indian One Naya paisa (Hindi: एक नया पैसा) was a unit of currency equaling 1 ⁄ 100 (one-hundredth) of the Indian rupee. The symbol for paisa is p. In 1955, India adopted metric system for coinage and amended the "Indian Coinage Act". Subsequently, one paisa coins were introduced on 1 April 1957.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
The Indian 50 paisa coin, popularly called Athanni, is a denomination of the Indian rupee, equal to half a rupee, that is very rarely found in everyday circulation. Currently it is the lowest circulating denomination of the Indian rupee.