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For example: 150,000 rupees is "1.5 lakh rupees" which can be written as "1,50,000 rupees", and 30,000,000 (thirty million) rupees is referred to as "3 crore rupees" which is can be written as "3,00,00,000 rupees". There are names for numbers larger than crore, but they are less commonly used.
The Indian paisa (plural: paise) is a 1 ⁄ 100 (one-hundredth) subdivision of the Indian rupee. The paisa was first introduced on 1 April 1957 after decimalisation of the Indian rupee. [1] In 1955, the Government of India first amended the Indian Coinage Act and adopted the "metric system for coinage".
Five-rupee coins, made from brass, are being minted by the Reserve Bank of India (RBI). In 1997 the 20 paise coin was discontinued, followed by the 10 paise coin in 1998, and the 25 paise in 2002. Between 2005 and 2008 new, lighter fifty-paise, one-, two-, and five-rupee coins were introduced, made from ferritic stainless steel.
For example 150,000,000 (one hundred and fifty million) rupees is written as "fifteen crore rupees", "₹ 15 crore". [1] In the abbreviated form, usage such as "₹ 15 cr" is common. [3] Trillions (in the short scale) of money are often written or spoken of in terms of lakh crore. For example, one trillion rupees is equivalent to: ₹ 1 lakh ...
A currency-counting machine is a machine that counts money—either stacks of banknotes or loose collections of coins. Counters may be purely mechanical or use electronic components. The machines typically provide a total count of all money, or count off specific batch sizes for wrapping and storage.
Chaulukya coins were often called "Gadhaiya Paise" (9th–10th century CE). [4] Until the 1950s in India and Pakistan (and before 1947 in British India), the paisa (back then spelled as pice in English) was equivalent to 3 pies, 1 ⁄ 4 of an anna, or 1 ⁄ 64 of a rupee.
[1] [2] In the Indian 2, 2, 3 convention of digit grouping, it is written as 1,00,000. [3] For example, in India, 150,000 rupees becomes 1.5 lakh rupees, written as ₹ 1,50,000 or INR 1,50,000. It is widely used both in official and other contexts in Afghanistan, Bangladesh, Bhutan, India, Myanmar, Nepal, Pakistan, and Sri Lanka.
Currently in India (from 2010 onwards), the 50 paise coin (half a rupee) is the lowest valued legal tender coin. Coins of 1, 2, 5, and 10 rupees and banknotes of 5, 10, 20, 50, 100, 200, 500, and 2000 rupees are commonly in use for cash transaction.
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