Naya Paisa complete set

Description

The move towards decimalisation was afoot for over a century. However, it was in September 1955 that the Indian Coinage Act 1906 was amended to pave the way for the country to adopt a metric system for coinage. The amended Act came into force with effect from 1st April 1957. The rupee remained unchanged in value and nomenclature. It, however, was now divided into 100 ‘Paisa’ instead of 16 Annas or 64 Pice. For public recognition, the new decimal Paisa was termed ‘Naya Paisa’ till 1st June 1964, when the term ‘Naya’ was dropped. The value is described in Hindi explaining the value equal to the hundredth part of one rupee.

Rupee One

Fifty Naye Paise

Fifty Naye Paise

Ten Naye Paise

Five Naye Paise

Two Naye Paise

One Naya Paisa