A paisa (pl. paise) is a monetary unit currently equivalent to 1⁄100 of a rupee or Bangladeshi taka and is used in several countries, including Bangladesh, India, Nepal, and Pakistan. Variant spellings include poisha (especially in Bangladesh), and pice, (during British rule). Until the 1950s in India and Pakistan (and before 1947 in British India), the paisa was equivalent to 3 pies, ¼ of an anna, or 1⁄64 of a rupee. After the transition from a non-decimal currency to a decimal currency, the paisa was known as a naya paisa ("new paisa") for a few years.
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