naya paisa

noun

na·​ya pai·​sa

nəˌyäˌpīˈsä

plural naye paise

nəˌyāˌpīˈsā

: the paisa of India that was issued from 1957 to 1964

Note: When India adopted the decimal system of coinage in 1957, the subdivision of the rupee was called naya paisa to distinguish it from the old paisa which was still in circulation. Under decimalization, the rupee is divided into 100 paise instead of the predecimalization 64.

Word History

Etymology

Hindi nayā paisā, literally, new pice

First Known Use

1956, in the meaning defined above

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