`The Indian paisa Indian Paisa symbol.svgplural: paise is a 1âÂâ100 one-hundredth subdivision of the Indian rupee. The paisa was first introduced on 1 April 1957 after decimalisation of the Indian rupee. As of 2019, all paisa coins have been demonetised.
In 1955, the Government of India first amended the Indian Coinage Act and adopted the `metric system for coinage`. From 1957 to 1964, the paisa was called naya paisa transl. `new paisa` and on 1 June 1964, the term `naya` was dropped and the denomination was named paisa. Paisa has been issued in 1, 2, 3, 5, 10, 20, 25, and 50 paise coins.`
|
