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The Indian government introduced the Gulf rupee as a replacement for the Indian rupee for circulation outside the country with the Reserve Bank of India (Amendment) Act of 1 May 1959. [105] The creation of a separate currency was an attempt to reduce the strain on India's foreign reserves from gold smuggling.
The basic unit of currency was the Indian rupee, which was itself divided into annas (16 annas to a rupee) and pice (the old spelling of paisa – 64 pice to a rupee). [9] The lowest-denomination Indian coins, the half-pice (128 to a rupee) and the pie (192 to a rupee) were officially demonetized in 1947; while both denominations had continued ...
Nepalese rupee: रु NPR Paisa: 100 Indian rupee ₹ INR Paisa: 100 Netherlands [F] Euro € EUR Cent: 100 New Caledonia: CFP franc ₣ XPF Centime: 100 New Zealand: New Zealand dollar $ NZD Cent: 100 Nicaragua: Nicaraguan córdoba: C$ NIO Centavo: 100 Niger: West African CFA franc: F.CFA XOF Centime: 100 Nigeria: Nigerian naira ₦ NGN Kobo ...
Rupee. Afghan rupee – Afghanistan; Bhutanese rupee – Bhutan; Burmese rupee – Burma; Danish Indian rupee – Danish India; East African rupee – Kenya, Somalia, Tanzania and Uganda; French Indian rupee – French India; Gulf rupee – Bahrain, Kuwait, Oman, Qatar and United Arab Empirates; Hyderabad rupee – Hyderabad; Indian rupee ...
The denominations by which land was measured in the Kumaon Kingdom were based on arable lands and thus followed an approximate system with local variations. The most common of these was a vigesimal (base-20) numbering system with the main denomination called a bisi (see Hindustani number bīs ), which corresponded to the land required to sow 20 ...
The Indian rupee was a silver-based currency during much of the 19th century, ... High denomination notes, like ₹10,000 notes were demonetized in 1978.
In India slang names for coins are more common than for the currency notes. For 5 paisa (100 paisa is equal to 1 Indian rupee) it is panji. A 10 paisa coin is called dassi and for 20 paisa it is bissi. A 25 paisa coin is called chavanni (equal to 4 annas) and 50 paisa is athanni (8 annas). However, in recent years, due to inflation, the use of ...
The Indian Two paise (Hindi: दो पैसे) (singular: Paisa), is a former denomination of the Indian Rupee. The 2 coin equals 1 ⁄ 50 of the Indian Rupee. The symbol for Paisa is ( ).