What is a naya paisa coin?
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.