Bhopal Govt Postage - One Anna Three Pies

A pie (abbreviated as Ps) was a unit of

currency A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific envi ...

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

Burma Myanmar, officially the Republic of the Union of Myanmar; and also referred to as Burma (the official English name until 1989), is a country in northwest Southeast Asia. It is the largest country by area in Mainland Southeast Asia and ha ...

and

Pakistan Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia. It is the List of countries and dependencies by population, fifth-most populous country, with a population of over 241.5 million, having the Islam by country# ...

until 1947. It was the smallest currency unit, equal to of a pice, of an

anna Anna may refer to: People Surname and given name * Anna (name) Mononym * Anna the Prophetess, in the Gospel of Luke * Anna of East Anglia, King (died c.654) * Anna (wife of Artabasdos) (fl. 715–773) * Anna (daughter of Boris I) (9th–10th c ...

or of a

rupee Rupee (, ) is the common name for the currency, currencies of Indian rupee, India, Mauritian rupee, Mauritius, Nepalese rupee, Nepal, Pakistani rupee, Pakistan, Seychellois rupee, Seychelles, and Sri Lankan rupee, Sri Lanka, and of former cu ...

. During the mid-nineteenth century, one pie was worth 12

cowry Cowrie or cowry () is the common name for a group of small to large sea snails in the family Cypraeidae. Cowrie shells have held cultural, economic, and ornamental significance in various cultures. The cowrie was the shell most widely used wo ...

. 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 In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of curre ...

during WW2.Until 1966, India was a member of the

sterling area The sterling area (or sterling bloc, legally scheduled territories) was a group of countries that either adopted or pegged their currencies to the pound sterling. The area began to appear informally during the early 1930s, after sterling had l ...

, with the rupee pegged to the British

pound sterling Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of sterling, and the word '' pound'' is also used to refer to the British currency general ...

and having a value of 1s 6d, or 18 (old) pence; a pie was therefore worth 0.09 old

pence A penny is a coin (: pennies) or a unit of currency (: pence) in various countries. Borrowed from the Carolingian denarius (hence its former abbreviation d.), it is usually the smallest denomination within a currency system. At present, it is t ...

or of a

farthing Farthing or farthings may refer to: Coinage *Farthing (British coin), an old British coin valued one quarter of a penny ** Half farthing (British coin) ** Third farthing (British coin) ** Quarter farthing (British coin) *Farthing (English c ...

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/) Pakistan, however, resumed minting the pie from 1951–1956. In part, this was because the Pakistani rupee was valued higher than the Indian rupee from 1949 onwards, when India devalued its currency to maintain the exchange rate with the Pound Sterling.

Notation

The first number is the number of rupees, the second is the number of annas (), the third is the number of pices (), and the fourth is the number of pies (). 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

References

Pie A pie is a baked dish which is usually made of a pastry dough casing that contains a filling of various sweet or savoury ingredients. Sweet pies may be filled with fruit (as in an apple pie), nuts ( pecan pie), fruit preserves ( jam tart ...

Historical currencies of India Rupee {{India-hist-stub