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 3 of 3.
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.
S.mohanasundaram said:
1 decade ago
One rupees includ 100 paise . In olden days we were (our pioneer) used1,5,10,20,25, paise thats called coinage .
Priya sinha said:
1 decade ago
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.
For example:
100 cents make one dollar in various countries.
1000 Tunisian millimes make one dinar.
NAVEEN KUMAR said:
1 decade ago
What does it mean " change over to the decmal system to coinage"?
Bhaiya said:
1 decade ago
Process of coining.
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