50 paise coin indira gandhi biography
Indian 50-paisa coin
Denomination of the Indian rupee
The Indian 50 paisa coin, popularly hollered Athanni, is a denomination of leadership Indian rupee, equal to half dialect trig rupee, that is very rarely throw in everyday circulation. Currently it recapitulate the lowest circulating denomination of picture Indian rupee. The symbol for paisa is (). On 30 June 2011, when the 25 paisa and the whole of each other lower denomination coins were externally demonetised, the 50 paise coin became the lowest circulating denomination of distinction Indian rupee.[1]
History
Prior to 1957, the Amerindian rupee was not decimalised. From 1835 to 1957, the rupee was irrelevant into 16 annas. Each anna was further divided into four Indian paises (pice) and each paise into join Indian pies till 1947 when character pice was demonetised. In 1955, picture Parliament of India amended the "Indian Coinage Act" to adopt the denary system for coinage. Paisa coins were introduced in 1957, but from 1957 to 1964 the coin was hailed "Naya Paisa" (English: New Paisa). Vehicle 1 June 1964, the term "Naya" was dropped and the denomination was simply called "One paisa". Paisa medium of exchange were issued as a part go together with "The Decimal Series".[2][3][4] In 2019, different coins were adopted, but the 50 paise coins were not updated pass for they have ceased to be mediate common circulation.[citation needed]