Paisa

Paisa(also transliterated aspice,pesa,poysha,poishaandbaisa) is a monetary unit in several countries. The word is also a generalisedidiomfor money and wealth. InIndia,Nepal,andPakistan,thepaisacurrently equals1⁄100of arupee.InBangladesh,thepoyshaequals1⁄100of aBangladeshi taka.InOman,thebaisaequals1⁄1000of anOmani rial.

Etymology

The wordpaisais from theSanskrittermpadāṁśa(पदांश,basic unit), meaning 'quarter part base', frompada(पद) "foot or quarter or base" andaṁśa(अंश) "part or unit".^[1]^[2]The pesa was also in use in colonialKenya.The colloquial term for money inBurmese,paiksan(ပိုက်ဆံ), is derived from the Hindi termpaisa(पैसा).^[3]

Chaulukyas. 9th–10th century. Lot of sixty-eight AR 'Gadhaiya Paise'

History

Chaulukyacoins were often called "Gadhaiya Paise" (9th–10th century CE).^[4]Until the 1950s in India andPakistan(and before 1947 inBritish India), the paisa (back then spelled aspicein English) was equivalent to 3pies,1⁄4of ananna,or1⁄64of a rupee. After the transition from anon-decimal currencyto adecimal currency,the paisa equaled1⁄100of a rupee and was known as anaya paisa( "new paisa" ) for a few years to distinguish it from the old paisa that was1⁄64of a rupee.

Terminology

InHindi,Bengali,Afghan Persian,Urdu,Nepaliand other languages, the word paisa often means money or cash. Medieval trade routes that spanned theArabian Seabetween India, the Arab regions and East Africa spread the usage ofIndian subcontinentand Arabic currency terms across these areas.^[5]The wordpesaas a reference to money in East African languages such asSwahilidates from that period.^[5]An example of this usage is the older dayKenyanmobile-phone-based money transfer serviceM-Pesa(which stands for "mobile pesa" or "mobile money").

Usage

Poysha =1⁄100of aBangladeshi taka(no longer in circulation)
Paisa=1⁄100of anIndian rupee(only 50 paisa coins are de facto valid but no longer in circulation)
Paisa =1⁄100of aNepalese rupee(no longer in circulation)
Baisa =1⁄1000of anOmani rial
Paisa =1⁄100of aPakistani rupee(Officially demonetized from 1 October 2014)^[6]

Gallery

100 Omani Baisa note (reverse)
100 Omani Baisa note (1995)
50 Bangladeshi Poysha (2001)
50 Bangladeshi Poysha (2001, reverse)

References

^"paisa".Free Merriam-Webster Dictionary.Merriam-Webster.Retrieved3 February2015.
^"pada".spokensanskrit.de (version 4.2).Retrieved3 February2015.
^Myanmar-English Dictionary.Myanmar Language Commission. 1996.ISBN 1-881265-47-1.
^Ray, Himanshu Prabha (2019).Negotiating Cultural Identity: Landscapes in Early Medieval South Asian History.Taylor & Francis. pp. 161–163.ISBN 9781000227932.
^^a ^bJeffreys, M. D. W. (1953)."Cowry: Ndoro".NADA: The Southern Rhodesia Native Affairs Department Annual(30). Government of Southern Rhodesia.Retrieved3 February2015....currency terms pesa, upeni, mali, khete, tickey all derive from Hindu or Arabic currency terms still in use in what was once called the Erythraean Sea
^"State Bank of Pakistan".

External links

How to convert paise into rupees

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[1] "paisa".Free Merriam-Webster Dictionary.Merriam-Webster.Retrieved3 February2015.

[2] "pada".spokensanskrit.de (version 4.2).Retrieved3 February2015.

[3] Myanmar-English Dictionary.Myanmar Language Commission. 1996.ISBN 1-881265-47-1.

[HPR-4] Ray, Himanshu Prabha (2019).Negotiating Cultural Identity: Landscapes in Early Medieval South Asian History.Taylor & Francis. pp. 161–163.ISBN 9781000227932.

[gsr1953-5] Jeffreys, M. D. W. (1953)."Cowry: Ndoro".NADA: The Southern Rhodesia Native Affairs Department Annual(30). Government of Southern Rhodesia.Retrieved3 February2015....currency terms pesa, upeni, mali, khete, tickey all derive from Hindu or Arabic currency terms still in use in what was once called the Erythraean Sea

[6] "State Bank of Pakistan".

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