Monday, December 26, 2011

MONETARY SYSTEM UNDER BRITISH RULE

The Monetary system under British Rule in India was not decimal system. It followed a particular pattern. Here I would like to share the monetary system in India under British rule. There were Pies, Pice, Anna, Rupee and Mohur. In our previous blog post we have seen the denominations minted under British India Authority. You may read about those below: 1. 1/12 Anna 2. 1/2 Pice 3. 1/4 Anna 4. Pice 5. 1/2 Anna 6. Anna 7. 2 Annas 8. 1/4 Rupee 9. 4 Annas 10. 8 Annas 11. 1/2 Rupee 12. Rupee 13. 5 Rupees (1/3 Mohur) 14. 10 Rupees (2/3 Mohur) 15. 15 Rupees (Mohur) 16. 30 Rupees (2 Mohur )

1 pie = 1/12 Anna  
 

3 Pies = 1 Pice (Paisa)

4 Pice = 1 Anna

12 Pies = 1Anna

16 Annas = 1 Rupee

15 Rupees = 1 Mohur

Even after 1947 this system of Annas and Rupee followed till 1950s

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