Whats the currency in your country...

India
November 20, 2006 2:53am CST
Whats the currency in your country . In india it is rupee. Some history regarding the rupee The Rupeeis the common name for the currencies used in India, Pakistan, Sri Lanka, Nepal, Mauritius, and the Seychelles; in Indonesia the unit of currency is known as the rupiah and in the Maldives the rufiyah. The Pakistani rupee and the Indian rupee are subdivided into one hundred paise or pice Formerly the rupee was divided into 16 annas, 64 paise, or 192 pies. Decimalisation occurred in Ceylon (Sri Lanka) in 1869, India in 1957 and in Pakistan in 1961. Thus an Indian Rupee is now divided into 100 Paise. Paise is sometimes referred to as Naya-Paise, meaning the "new-money", a habit continued from when India became independent -- when the new country introduced new currency, people used Naya-Paise to distinguish it from the old currency. The issuance of the currency is controlled by the Reserve Bank of India. The most commonly used symbol for the Rupee is Rs. In most parts of India, the Rupee is known as Rupaye, Rubai, or one of other terms derived from the Sanskrit rupya, meaning silver. However, in the Bengali and Assames languages, spoken in Assam, Tripura, and West Bengal, the Rupee is known as a Taka, and is written as such on Indian banknotes. These days Rupee currency comes in denominations of 1, 2, 5, 10, 20, 50, 100, 500 and 1000. Large denominations of rupees are often counted in lacs or lakhs (100,000) crores (10,000,000) and arabs (Abja in Marathi) (1 billion).
1 response
@Opteron (1842)
• Italy
20 Nov 06
currency in Italy is Euro...because Italy is in European Community. It's a strong value....stronger than US Dollars!