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.
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]
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 that was 1⁄64 of a rupee.
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").
Decimalisation or decimalization is the conversion of a system of currency or of weights and measures to units related by powers of 10.
Rupee is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates, British East Africa, Burma, German East Africa, and Tibet. In Indonesia and the Maldives, the unit of currency is known as rupiah and rufiyaa respectively, cognates of the word rupee.
The Pakistani rupee is the official currency in the Islamic Republic of Pakistan. The issuance of the currency is controlled by the State Bank of Pakistan. It was officially adopted by the Government of Pakistan in 1949. Earlier the coins and notes were issued and controlled by the Reserve Bank of India until 1949, when it was handed over to the Government and State Bank of Pakistan, by the Government and Reserve Bank of India.
The Omani rial is the currency of Oman. It is divided into 1000 baisa.
Coins of the Indian rupee (INR) were first minted in 1950. New coins have been produced annually since then and they make up a valuable aspect of the Indian currency system. Today, circulating coins exist in denominations of One Rupee, Two Rupees, Five Rupees, Ten Rupees and Twenty Rupees. All of these are produced by four mints located across India, in Kolkata, Mumbai, Hyderabad, Noida.
The history of the rupee traces back to ancient times in the Indian subcontinent. The mention of rūpya by Pāṇini is seemingly the earliest reference in a text about coins. The term in Indian subcontinent was used for referring to a coin.
The Bangladeshi decimal fifty-poysha coin was first minted in 1973. It is a small denomination of Bangladeshi monetary unit which is the taka. It equals one half of a taka.
The Indian paisa is a 1⁄100 (one-hundredth) subdivision of the Indian rupee. The paisa was first introduced on 1 April 1957 after decimalisation of the Indian rupee.
The Indian One Paisa coin is a former denomination of the Indian Rupee. The 1 coin equals 1⁄100 (one-hundredth) of the Indian Rupee. The symbol for paisa is. In 1955, India adopted metric system for coinage and amended the "Indian Coinage Act". Subsequently, one paisa coins were introduced on 1 April 1957. From 1957 to 1964, one paisa coin was called "Naya Paisa" and on 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa". One paisa coin has been demonetized and is no longer legal tender.
The Indian 50 paisa coin, popularly called Athanni, is a denomination of the Indian rupee, equal to half a rupee, that is very rarely found in everyday circulation. Currently it is the lowest circulating denomination of the Indian rupee. The symbol for paisa is. On 30 June 2011, when the 25 paisa and all other lower denomination coins were officially demonetised, the 50 paise coin became the lowest circulating denomination of the Indian rupee.
The Indian Two paise, is a former denomination of the Indian Rupee. The 2 coin equals 1⁄50 of the Indian Rupee. The symbol for Paisa is.
The Indian Two naye paise is a unit of currency equaling 2⁄100 of the Indian rupee. The symbol for paisa is p.
The Indian Three paise, is a former denomination of the Indian Rupee. The 3 coin equals 3⁄100 of the Indian Rupee. The symbol for paisa is.
The Indian five naye paise, was a unit of currency equaling 1⁄20 of the Indian rupee. The symbol for paisa is p.
The Indian five paise, is former denomination of the Indian Rupee. The 5 coin equals 1⁄20 of the Indian Rupee. The symbol for paisa is.
Five taka is a metal coin of Bangladeshi taka. The five taka coin was first issued in 1993. At present five taka currency is in use in Bangladesh.
Two taka is a metal coin of Bangladeshi taka. The two taka currency was first issued in 2004. Two taka coins are currently in use in Bangladesh.
Five paisa was first minted in aluminum in 1973. Above the main side is the inscription Bangladesh, in the middle is the plow symbol and below is the inscription Five Paisa. The coin weighs 1.4 grams, has a diameter of 22 millimeters and a thickness of 1.93 millimeters. The edges of the coin are smooth and the shape is rounded with no prominent square shape.
one Poisha is the smallest and lowest denomination metal coin of the Bangladeshi taka. This one-paisa Aluminium coin was first issued in 1974. Currently, the one-paisa coin is not in use in Bangladesh.
Ten paisa is a small denomination of Bangladeshi taka currency. The ten paise metal coin was first issued in 1973. Ten paise is not currently in use in Bangladesh.
...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
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