Indian pie

A pie (abbreviated as Ps) was a unit of currency in India, Burma and Pakistan until 1947. It was the smallest currency unit, equal to 1⁄3 of a pice, 1⁄12 of an anna or 1⁄192 of a rupee. During the mid-nineteenth century, one pie was worth 12 cowry.^[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 to inflation during WW2.^{[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 the sterling area, with the rupee pegged to the British pound sterling and having a value of 1s 6d, or 18 (old) pence; a pie was therefore worth 0.09 old pence or 3⁄8 of a farthing in 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.

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[value-2] Until 1966, India was a member of the sterling area, with the rupee pegged to the British pound sterling and having a value of 1s 6d, or 18 (old) pence; a pie was therefore worth 0.09 old pence or 3⁄8 of a farthing in 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]

v t Historic currencies of India
Overview	History of the rupee Coinage of India Coinage of Asia
Ancient and medieval	Punch-marked coins Arched-hill symbol Post-Mauryan coinage (Gandhara) Narwar coinage Kushan coinage Indo-Sasanian coinage Indo-Greek coinage Pallava coinage Pandya coinage Vijayanagara coinage Setu coins
Near modern	British Indian coinage Dutch Indian coinage Hyderabadi rupee Travancore Rupee Kutch kori (Banknotes of Kutch) Danish Indian rupee French Indian rupee Portuguese Indian rupia Portuguese Indian escudo Banknote of Ambliara Indian postal orders in Egypt
Modern	Indian rupee (Gulf rupee) Pakistani rupee Sri Lankan rupee Nepalese rupee Bhutanese ngultrum Maldivian rufiyaa
Denomination	Paisa Indian pie Taka Anna Mohur Ashrafi Cash Dam Cowrie Dinar Larin Tola Masha Pagoda Karshapana Shivrai Madras fanam Travancore fanam
See also: Economy of India Economy of Pakistan

v t Currencies named rupee or similar
Circulating	Bhutanese ngultrum Indian rupee Digital rupee Indonesian rupiah Maldivian rufiyaa Mauritian rupee Nepalese rupee Pakistani rupee Seychellois rupee Sri Lankan rupee
Defunct	Afghan rupee Burmese rupee Japanese occupation rupee Danish Indian rupee East African rupee French Indian roupie German East African rupie Gulf rupee Hyderabadi rupee Italian Somaliland rupia Javan rupee Mombasan rupee Netherlands Indian roepiah Portuguese Indian rupia Riau rupiah Travancore rupee West Irian rupiah Zanzibari rupee
Conceptual	Petrorupee
Fictional	Hylian rupee
See also	Rupee sign Indian rupee sign History of the rupee History of the taka Paisa Anna Pie Larin Mohur Ashrafi Cash Dam Cowrie Dinar Tola

Indian pie

Notation

Notes

References

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