Sunday, February 17, 2008

Rupee


The Rupee (₨ or Rs.) (Hindi and other Indian languages: Rupiya, from Sanskrit rupyakam meaning coins of silver) is the common name for the currencies used in India, Pakistan, Sri Lanka, Nepal, Mauritius, Seychelles; in Indonesia the unit of currency is known as the rupiah and in the Maldives the rufiyah. The Indian rupee and the Pakistani rupee are subdivided into one hundred paise or pice (singular paisa) and the Nepalese rupee can be subdivided into one hundred paisa or pice (both singular and plural) or four Sukas (sing. Suka) or two Mohors (sing. Mohor).
The origin of the word "rupee" is found in the Sanskrit word rūp or rūpā, which means "silver" in many Indian languages. The Sanskrit word rūpyakam (Devanagari:रूप्यकम्) means coin of silver.

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