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Commonly used quantities include lakh (one hundred thousand) and crore (ten million) – written as 1,00,000 and 1,00,00,000 respectively in some locales. [1] 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 ...
Crore (/ k r ɔːr /; abbreviated cr) denotes the quantity ten million (10 7) and is equal to 100 lakh in the Indian numbering system.In many international contexts, the decimal quantity is formatted as 10,000,000, but when used in the context of the Indian numbering system, the quantity is usually formatted 1,00,00,000.
In the abbreviated form, usage such as "₹ 5L" or "₹ 5 lac" (for "5 lakh rupees") is common. [4] In this system of numeration, 100 lakh is called one crore [3] and is equal to 10 million. Formal written publications in English in India tend to use lakh/crore for Indian currency and Western numbering for foreign currencies, such as dollars ...
currency_formatting: optional: Used to represent larger numbers. Available options are as follows. k – to represent thousand(s) m – to represent million(s) b – to represent billion(s) t – to represent trillion(s) l – to represent lakh(s) c – to represent crore(s) lc – to represent lakh crore(s) Brackets in the sense may be ...
For larger values, it includes named numbers at each multiple of 100; including lakh (10 5) and crore (10 7). [1] English also has words, such as zillion, that are used informally to mean large but unspecified amounts.
2023 – Reserve Bank of India issued a circular on 19 May stating currency notes of ₹ 2000 denomination will be withdrawn from circulation [90] The reason given for this withdrawal is the decline in the number of currency notes in circulation. According to the circular, there were only 10.8% of Notes in Circulation on March 31, 2023.
The long and short scales are two powers of ten number naming systems that are consistent with each other for smaller numbers, but are contradictory for larger numbers. [1] [2] Other numbering systems, particularly in East Asia and South Asia, have large number naming that differs from both the long and short scales.
For example, 10 million (1 crore) would be written as 1,00,00,000. In Pakistan, there is a greater tendency to use the standard western system, while using the Indian numbering system when conducting business in Urdu. In Sweden, the currency sometimes used the colon as decimal separator (1 234 567:89).