Posts Tagged ‘Naya Paisaa’
Ek do teen dil gayi chheen
Posted on: October 24, 2011
Today India follows the decimal system as far as currency is concerned where 100 paise = 1 rupee. But that was not always the case. The decimal systen was adopted by India in 1957. Before that one rupee was equal to 64 paise, and one anna equalled 4 paise. Thus half a rupee was 8 anna and so on. To differentiate between the paisa of the decimal system from the paisa of earlier days, the decimal system paisa was called “Naya Paisa” (new paisa). After 1964, the prefix naya was dropped, but in day to day life, usage of the term “naya paisa” continued well into 1970s. In fact, the coins itself had the word “naya paisa” or “naye paise” written on them.
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