Indian pie

Apie(abbreviated asPs) was a unit ofcurrencyinIndia,BurmaandPakistanuntil 1947. It was the smallest currency unit, equal to1⁄3of apice,1⁄12of anannaor1⁄192of arupee.During the mid-nineteenth century, one pie was worth 12cowry.^[1]

Minting of the pie ended in 1942, though it remained in circulation for a further five years. The pie was demonetized in 1947 as it had become practically worthless due toinflation.^{[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 pices (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

^Until 1966, India was a member of thesterling area,with the rupee pegged to the Britishpound sterlingand having a value of 1s 6d, or 18 (old) pence; a pie was therefore worth 0.09 oldpenceor3⁄8of afarthingin 1947. In 1947, however, a single old penny had an estimated purchasing power of 14 new pence (in 2014 values). Therefore, a pie had a value of 1.3 pence in 2014. (Schedule of Par Values, Currencies of Metropolitan Areas,The Statesman's Year Book 1947,pg xxiii, Macmillan & Co.; measuringworth.com/ppoweruk/)

References

^Laughlin, J. Laurence (September 1893)."Indian Monetary History".Journal of Political Economy.1(4): 593–596.doi:10.1086/250171.ISSN 0022-3808.S2CID 153692183.

This article about a unit of currency is astub.You can help Wikipedia byexpanding it.

This Indian history-related article is astub.You can help Wikipedia byexpanding it.

[value-2] Until 1966, India was a member of thesterling area,with the rupee pegged to the Britishpound sterlingand having a value of 1s 6d, or 18 (old) pence; a pie was therefore worth 0.09 oldpenceor3⁄8of afarthingin 1947. In 1947, however, a single old penny had an estimated purchasing power of 14 new pence (in 2014 values). Therefore, a pie had a value of 1.3 pence in 2014. (Schedule of Par Values, Currencies of Metropolitan Areas,The Statesman's Year Book 1947,pg xxiii, Macmillan & Co.; measuringworth.com/ppoweruk/)

[1] Laughlin, J. Laurence (September 1893)."Indian Monetary History".Journal of Political Economy.1(4): 593–596.doi:10.1086/250171.ISSN 0022-3808.S2CID 153692183.

[1]

[note 1]