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Paisa - Wikipedia

From Wikipedia, the free encyclopedia

(Redirected from Indian pice)

Paisa (also transliterated as pice, pesa, poysha, poisha and baisa) is a monetary unit in several countries. The word is also a generalised idiom for money and wealth. In India, Nepal, and Pakistan, the paisa currently equals 1⁄100 of a rupee. In Bangladesh, the poysha equals 1⁄100 of a Bangladeshi taka. In Oman, the baisa equals 1⁄1000 of an Omani rial.

Etymology

The word paisa is from the Sanskrit term padāṁśa (पदांश, basic unit), meaning 'quarter part base', from pada (पद) "foot or quarter or base" and aṁśa (अंश) "part or unit".^[1]^[2] The pesa was also in use in colonial Kenya. The colloquial term for money in Burmese, paiksan (ပိုက်ဆံ), is derived from the Hindi term paisa (पैसा).^[3]

History

Chaulukya coins were often called "Gadhaiya Paise" (9th–10th century CE).^[4] Until the 1950s in India and Pakistan (and before 1947 in British India), the paisa (back then spelled as pice in English) was equivalent to 3 pies, 1⁄4 of an anna, or 1⁄64 of a rupee. After the transition from a non-decimal currency to a decimal currency, the paisa equaled 1⁄100 of a rupee and was known as a naya paisa ("new paisa") for a few years to distinguish it from the old paisa(pice) that was 1⁄64 of a rupee.

Terminology

In Hindi, Bengali, Afghan Persian, Urdu, Nepali and other languages, the word paisa often means money or cash. Medieval trade routes that spanned the Arabian Sea between India, the Arab regions and East Africa spread the usage of Indian subcontinent and Arabic currency terms across these areas.^[5] The word pesa as a reference to money in East African languages such as Swahili dates from that period.^[5] An example of this usage is the older day Kenyan mobile-phone-based money transfer service M-Pesa (which stands for "mobile pesa" or "mobile money").

Usage

Poysha = 1⁄100 of a Bangladeshi taka (no longer in circulation)
Paisa = 1⁄100 of an Indian rupee (only 50 paisa coins are de facto valid but no longer in circulation)
Paisa = 1⁄100 of a Nepalese rupee (no longer in circulation)
Baisa = 1⁄1000 of an Omani rial
Paisa = 1⁄100 of a Pakistani rupee (Officially demonetized from 1 October 2014)^[6]

Gallery

100 Omani Baisa note (reverse)
100 Omani Baisa note (1995)
50 Bangladeshi Poysha (2001)
50 Bangladeshi Poysha (2001, reverse)

References

^ "paisa". Free Merriam-Webster Dictionary. Merriam-Webster. Retrieved 3 February 2015.
^ "pada". spokensanskrit.de (version 4.2). Retrieved 3 February 2015.
^ Myanmar-English Dictionary. Myanmar Language Commission. 1996. ISBN 1-881265-47-1.
^ Ray, Himanshu Prabha (2019). Negotiating Cultural Identity: Landscapes in Early Medieval South Asian History. Taylor & Francis. pp. 161–163. ISBN 9781000227932.
^ ^a ^b Jeffreys, M. D. W. (1953). "Cowry: Ndoro". NADA: The Southern Rhodesia Native Affairs Department Annual (30). Government of Southern Rhodesia. Retrieved 3 February 2015. ...currency terms pesa, upeni, mali, khete, tickey all derive from Hindu or Arabic currency terms still in use in what was once called the Erythraean Sea
^ "State Bank of Pakistan".

External links

Wikimedia Commons has media related to Paisa (coins).

How to convert paise into rupees

v t e Historic currencies of India
Overview	History of the rupee Coinage of India Coinage of Asia
Ancient and medieval	Punch-marked coins Arched-hill symbol Post-Mauryan coinage (Gandhara) Narwar coinage Kushan coinage Indo-Sasanian coinage Indo-Greek coinage Pallava coinage Pandya coinage Vijayanagara coinage Setu coins
Near modern	British Indian coinage Dutch Indian coinage Hyderabadi rupee Travancore Rupee Kutch kori (Banknotes of Kutch) Danish Indian rupee French Indian rupee Portuguese Indian rupia Portuguese Indian escudo Banknote of Ambliara Indian postal orders in Egypt
Modern	Indian rupee (Gulf rupee) Pakistani rupee Sri Lankan rupee Nepalese rupee Bhutanese ngultrum Maldivian rufiyaa
Denomination	Paisa Indian pie Taka Anna Mohur Ashrafi Cash Dam Cowrie Dinar Larin Tola Masha Pagoda Karshapana Shivrai Madras fanam Travancore fanam
See also: Economy of India Economy of Pakistan

v t e Currencies named rupee or similar
Circulating	Bhutanese ngultrum Indian rupee Digital rupee Indonesian rupiah Maldivian rufiyaa Mauritian rupee Nepalese rupee Pakistani rupee Seychellois rupee Sri Lankan rupee
Defunct	Afghan rupee Burmese rupee Japanese occupation rupee Danish Indian rupee East African rupee French Indian roupie German East African rupie Gulf rupee Hyderabadi rupee Italian Somaliland rupia Javan rupee Mombasan rupee Netherlands Indian roepiah Portuguese Indian rupia Riau rupiah Travancore rupee West Irian rupiah Zanzibari rupee
Conceptual	Petrorupee
Fictional	Hylian rupee
See also	Rupee sign Indian rupee sign History of the rupee History of the taka Paisa Anna Pie Larin Mohur Ashrafi Cash Dam Cowrie Dinar Tola