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Prior to 1957, Indian rupee was not decimalised and the rupee from 1835 to 1957 AD was further divided into 16 annas. Each anna was further divided to four Indian pices and each pice into three Indian pies till 1947 when the pie was demonetized. In 1955, India amended the "Indian Coinage Act" to adopt the metric system for coinage.
Prior to 1957, Indian rupee was not decimalised and the rupee from 1835 to 1957 AD was further divided into 16 annas. Each anna was further divided to four Indian pices and each pice into three Indian pies till 1947 when the pie was demonetized. In 1955, India amended the "Indian Coinage Act" to adopt the metric system for coinage.
Coins of the Indian rupee (₹) were first minted in 1950. [1] New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. Today, circulating coins exist in denominations of 1, 2, 5, 10, and 20 rupees.
The Indian 5 rupee coin is a denomination of the Indian rupee. The ₹ 5 coin was the highest denominated coin in the country until the minting of the ₹ 10 in 2005. Design of the coin
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.
Taking the business one step ahead this group of consultants opened a trading portal 5paisa in 2000. Thus moved into the business of being a full service broking agency. During this time they widened their distribution network. [13] In 2001, the Indian dotcom industry saw a downfall. During this time, sustaining became tough.
The Indian 10 coin is a former denomination of the Indian rupee. The 10 Paise coin equals 1 ⁄ 10 of a rupee. The last issue, minted in stainless steel, was first introduced into circulation in 1988. [1] Various 10 paisa coins.
Currently it is the lowest circulating denomination of the Indian rupee. The symbol for paisa is ( ). On 30 June 2011, when the 25 paisa and all other lower denomination coins were officially demonetised , the 50 paise coin became the lowest circulating denomination of the Indian rupee.