naya paisa
noun
na·ya pai·sa
nəˌyäˌpīˈsä
plural naye paise
nəˌyāˌpīˈsā
: the paisa of India that was issued from 1957 to 1964
Note: When India adopted the decimal system of coinage in 1957, the subdivision of the rupee was called naya paisa to distinguish it from the old paisa which was still in circulation. Under decimalization, the rupee is divided into 100 paise instead of the predecimalization 64.
Word History
Etymology
Hindi nayā paisā, literally, new pice
First Known Use
1956, in the meaning defined above