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Except 50 paise, rest all paise, anna, pice and pies coins demonetised. One Indian anna: Four Indian pice: 1835: 1947: 1947: 1950: The Frozen Series. 1950: 1957: The Anna Series. Anna and pice demonetised in 1957. One Indian pice: Three Indian pies: 1835: 1947: Pies demonetised in 1947. One Indian rupee = 100 paise = 16 anna = 64 pice = 192 ...
In 1957, the rupee was decimalised and divided into 100 naye paise (Hindi for "new paise"); in 1964, the initial naye was dropped. Many still refer to 25-, 50-and 75-paise coins as 4, 8, and 12 annas, respectively; compare the expression "two bits" in colloquial American English for a quarter-dollar coin.
An anna (or ānna) was a currency unit formerly used in British India, equal to 1 ⁄ 16 of a rupee. [1] It was subdivided into four pices or twelve pies (thus there were 192 pies in a rupee). When the rupee was decimalised and subdivided into 100 (new) paise, one anna was therefore equivalent to 6.25 paise.
Rupee: 1 rupee (divided into 100 new paise 1957–1964; divided into 100 paisa 1964–present). 1962–present Half rupee 50 paise: 1957–2016 Quarter rupee 25 paise: 1957-2002. Demonetized from 2011. N/A 20 paise: 1968-1994. Demonetized from 2011. 2 annas [11] 10 paise: 1957-1998. Demonetized from 2011. Anna [11] 5 paise: 1957-1994 ...
The dollar-pound exchange rate then was $4.03 to the pound, which in effect gave a rupee-dollar rate in 1947 of around ₹3.30. [24] [25] The pound was devalued in 1949, changing its parity from 4.03 to 2.80. India was then a part of the sterling area, and the rupee was devalued on the same day by the same percentage so that the new dollar ...
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.
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.
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.