General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 12)
12.
India changed over to the decimal system of coinage in
Discussion:
26 comments Page 2 of 3.
Kanha said:
9 years ago
Thanks for providing this type of questions.
Badugu said:
9 years ago
Good information. Thanks.
Ratnakar said:
9 years ago
Before 1957 which currency in India govt introduces?
Hunain said:
9 years ago
The rupee remained unchanged in value and nomenclature. However, it was now divided into 100 'Paisa' instead of 16 Annas or 64 Pice.
Ekambram said:
1 decade ago
Who is a first head release in RBI in Indian rupees coins?
SYD said:
1 decade ago
IN OLD DAYS 1 RUPEES = 64 PAISA.
BUT NOW 1 RUPEES =100 PAISA. SO IT WAS CHANGED IN 1957.
BUT NOW 1 RUPEES =100 PAISA. SO IT WAS CHANGED IN 1957.
Gautam said:
1 decade ago
Indian coinage act 1956 was came into effect in 1957.
Anu said:
1 decade ago
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.
1 Anna = 6 Paise approx.
Paise came to circulation after decimal system was adopted.
1-Rupee = 100 Paise.
Amol said:
1 decade ago
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.
Either produce currencies till 1957.
or
Collect the decimal currencies till 1988-99.
Sharan said:
1 decade ago
@Mohanasundaram, The 5, 10, 20, 25 paises were not only used in olden days. In 1990s also were there.
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