naya paisa

na·​ya pai·​sa | \ nəˌyäˌpīˈsä \
plural naye paise\ nəˌyāˌpīˈsā \

Definition of naya paisa

: 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.

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First Known Use of naya paisa

1956, in the meaning defined above

History and Etymology for naya paisa

Hindi nayā paisā, literally, new pice

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Cite this Entry

“Naya paisa.” Dictionary, Merriam-Webster, Accessed 28 Nov. 2020.

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