A (pl. ''Paise'') is a monetary unit currently equivalent to 1 / 100th 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 that in British India ), the Paisa was equivalent to 3 Pies , 1 / 4th 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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