Cryptocurrency Q&A
What is a naya paisa coin?
What is a naya paisa coin?
Sat Jan 11 2025
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5 answers
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A naya paisa coin is a specific type of Indian coin that was issued from 1957 to 1964, during the decimalization of the Indian currency system. It represents a subdivision of the rupee, with 100 naya paise equaling 1 rupee, replacing the older system where 64 paise equaled 1 rupee. This coin was introduced to distinguish it from the old paisa which was still in circulation.
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5 answers
Mon Jan 13 2025
During this period, several denominations were in circulation. These included 1, 2, 3, 5, 10, and 20 paisa coins.
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Mon Jan 13 2025
Additionally, there were also 25 and 50 paisa coins, both of which were referred to as “naya paisa” to distinguish them from the older pre-decimal coins.
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Mon Jan 13 2025
Alongside these coins, the one rupee coin was also in circulation. It was an important part of the monetary system during this time.
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Mon Jan 13 2025
There are two versions of pice coins in circulation: pre-decimal and decimal.
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Mon Jan 13 2025
To differentiate between these two versions, coins minted between 1957 and 1964 featured the legend “Naya Paisa” on them. This phrase translates to “New Paisa.”
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