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	==Notation==		==Notation==
			The first number is the number of rupees, the second is the number of annas (1/16), the third is the number of paise (1/64), and the fourth is the number of pies (1/192). Examples are below.

	Rs 1/15/3/2 = Rs 1.9947<br />Rs 1/8/3 = Rs 1.546<br />Rs 1/4 = Rs 1.25		Rs 1/15/3/2 = Rs 1.9947<br />Rs 1/8/3 = Rs 1.546<br />Rs 1/4 = Rs 1.25

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	{{Reflist\|group=note}}		{{Reflist\|group=note}}

			==References==
			{{reflist}}

	{{Indian currency}}		{{Indian currency}}

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[[File:Bhopal Govt Postage - One Anna Three Pies.png|thumb|right|A [[Bhopal State]] postage stamp worth 1 anna and three pies]]
A '''pie''' (abbreviated as '''Ps''') was a unit of [[currency]] in [[India]], [[Burma]] and [[Pakistan]] until 1947. It was the smallest currency unit, equal to {{frac|3}} of a [[paisa]], {{frac|12}} of an [[anna (coin)|anna]] or {{frac|192}} of a [[rupee]]. During the mid-nineteenth century, one pie was worth 12 [[Shell money|cowry]].<ref>{{Cite journal|last=Laughlin|first=J. Laurence|date=September 1893|title=Indian Monetary History|journal=Journal of Political Economy|volume=1|issue=4|pages=593–596|doi=10.1086/250171|issn=0022-3808|url=https://zenodo.org/record/1727485/files/article.pdf}}</ref>

Minting of the pie ended in 1942, though it remained in circulation for a further five years. The pie was demonetised in 1947 as it had become practically worthless due to [[inflation]].<ref name="value" group="note">Until 1966, India was a member of the [[sterling area]], with the rupee pegged to the British [[pound sterling]] and having a value of 1s 6d, or 18 (old) pence; a pie was therefore worth 0.09 old [[Penny (British pre-decimal coin)|pence]] 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/)</ref>

==Notation==
Rs 1/15/3/2 = Rs 1.9947<br />Rs 1/8/3 = Rs 1.546<br />Rs 1/4 = Rs 1.25

==Notes==
{{Portal|Money}}
{{Reflist|group=note}}

{{Indian currency}}
{{Historic Indian currency and coinage}}
{{Rupee}}

{{DEFAULTSORT:Indian Pie}}
[[Category:Coins of India|Pie]]
[[Category:Historical currencies of India]]

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{{India-hist-stub}}

Indian pie - Revision history

UpdateBot at 16:32, 1 January 2022

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