General Knowledge - Indian Economy - Discussion

In 1957, India shifted to the decimal system, but for a short period both decimal and non-decimal coins were in circulation. To distinguish between the two pice, the coins minted between 1957 and 1964 have the legend "Naya Paisa" ("new" paisa). The denominations in circulation were 1, 2, 5, 10, 20, 25, 50 (naya)paise and one rupee which remained as the same pre-decimal value. Therefore pre-decimal coins of one, half and quarter rupees could remain in circulation after decimalisation.

Decimal currencies have sub-units based on a factor of 10. These are most commonly 100 sub-units to the base currency unit, but currencies based on 1000 sub-units also exist, especially in Arab countries.

For example:
100 cents make one dollar in various countries.
1000 Tunisian millimes make one dinar.

But if we said that the change decimal system in 1957 so the use of the decimal currencies like 10 paise, 20 paise till 1998-99 so what it means?

Either produce currencies till 1957.

or

Collect the decimal currencies till 1988-99.

In simple terms if we understand this coinage system then it says, before 1957 the small value of Rs. 1 was calculated in terms of anna for eg. Rs. 1 equals to 16 anna.


But after 1957 it was started counting Rs 1 as 100 paise.

Before 1957 in circulations were Anna, 1-Rupee = 16 Anna.
1 Anna = 6 Paise approx.

Paise came to circulation after decimal system was adopted.
1-Rupee = 100 Paise.

The rupee remained unchanged in value and nomenclature. However, it was now divided into 100 'Paisa' instead of 16 Annas or 64 Pice.

One rupees includ 100 paise . In olden days we were (our pioneer) used1,5,10,20,25, paise thats called coinage .

@Mohanasundaram, The 5, 10, 20, 25 paises were not only used in olden days. In 1990s also were there.

IN OLD DAYS 1 RUPEES = 64 PAISA.

BUT NOW 1 RUPEES =100 PAISA. SO IT WAS CHANGED IN 1957.

What does it mean " change over to the decmal system to coinage"?