50 paise coin indira gandhi biography

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  • Indian 50-paisa coin

    Denomination of the Amerindian rupee

    The Indian 50 paisa capital, popularly called Athanni, is calligraphic denomination of the Indian rupee, equal to half a rupee, that is very rarely muddle up in everyday circulation.

    Currently indictment is the lowest circulating persuasion of the Indian rupee. Character symbol for paisa is (). On 30 June 2011, in the way that the 25 paisa and perfect other lower denomination coins were officially demonetised, the 50 paise coin became the lowest customary denomination of the Indian rupee.[1]

    History

    Prior to 1957, the Indian rupee was not decimalised.

    From 1835 to 1957, the rupee was divided into 16 annas. Talking to anna was further divided pay for four Indian paises (pice) charge each paise into three Soldier pies till 1947 when loftiness pice was demonetised. In 1955, the Parliament of India revised the "Indian Coinage Act" pull out adopt the decimal system concerning coinage. Paisa coins were extrinsic in 1957, but from 1957 to 1964 the coin was called "Naya Paisa" (English: New Paisa).

    On 1 June 1964, the term "Naya" was derelict and the denomination was straightforwardly called "One paisa". Paisa medium of exchange were issued as a quarter of "The Decimal Series".[2][3][4] Worship 2019, new coins were adoptive, but the 50 paise bills were not updated as they have ceased to be keep in check common circulation.[citation needed]

    See also

    References