A pie (abbreviated as Ps) was a unit of currency in India, Burma and Pakistan until 1947. It was the smallest currency unit, equal to Template:Frac of a paisa, Template:Frac of an anna or Template:Frac of a rupee. During the mid-nineteenth century, one pie was worth 12 cowry.[1]
Minting of the pie ended in 1942, though it remained in circulation for a further five years. The pie was demonetised in 1947 as it had become practically worthless due to inflation.[note 1]
Notation
The first number is the number of rupees, the second is the number of annas (1/16), the third is the number of paise (1/64), and the fourth is the number of pies (1/192). Examples are below.
Rs 1/15/3/2 = Rs 1.9947
Rs 1/8/3 = Rs 1.546
Rs 1/4 = Rs 1.25
Notes
- ↑ Indian Monetary History. Journal of Political Economy({Template:Date).
References
Template:Indian currency Template:Historic Indian currency and coinage Template:Rupee
Template:Money-unit-stub
Template:India-hist-stub
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