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Friday, September 23, 2011

4. pie, pice, naya paisa, paisa, naye paise, paise !!!

Confused about the `paise' of those days?!
 There was the pie, one-third of a pice (paisa) and so, one-twelfth of an anna. The Hindi plural `paise' for paisa (pice)  causes the confusion, pice being wrongly read as paise.

Dates
Currency system
From 1835
1 Rupee = 16 annas = 64 pices (paise) = 192 pie s
From 1 April 1957
1 Rupee = 100 naya paise
From 1 June 1964
1 Rupee = 100 paise


Note the spellings in the following
1 pie = 1/12 Anna (One Twelfth Anna)
3 Pie(s) = 1 paisa / pice (One Quarter Anna)
2 Half pice(s) or 2 Dhelas = 1 Pice ( one quarter Anna)
12 Pie(s) = 1Anna
4 Pice(s) = 1Anna
16 Annas = 1 Rupee
15 Rupees = 1 Mohur(Gold)

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