INDIAN PENNY Meaning and
Definition
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The term "Indian penny" refers to a historical unit of currency that was used in various countries, primarily in the Indian subcontinent. It specifically denotes a pennies or pence that were issued and circulated during the colonial period in India and surrounding regions.
The Indian penny typically refers to copper coins that were minted and utilized by the British East India Company and later by the British Crown. These coins were primarily struck in denominations of one penny and were produced in large quantities for circulation in India.
The term "Indian penny" can also be associated with the Indian decimal coinage system that was introduced after India gained independence in 1947. This decimal system allowed for pennies to be used as a subunit of the rupee, India's official currency. The Indian penny in this context represented 1/100th of a rupee and was commonly used during everyday transactions.
Overall, the term "Indian penny" encompasses both the historical copper coins circulated during the colonial era and the contemporary decimal subunits used in the Indian currency system. It is an important part of the monetary history of the subcontinent and symbolizes the colonial legacy and subsequent independence of India.
Common Misspellings for INDIAN PENNY
- undian penny
- jndian penny
- kndian penny
- ondian penny
- 9ndian penny
- 8ndian penny
- ibdian penny
- imdian penny
- ijdian penny
- ihdian penny
- insian penny
- inxian penny
- incian penny
- infian penny
- inrian penny
- ineian penny
- induan penny
- indjan penny
- indkan penny
- indoan penny
Etymology of INDIAN PENNY
The term "Indian penny" is usually used to refer to the Indian Head cent, a coin that was minted in the United States from 1859 to 1909. The word "Indian" in this context actually refers to the profile of a Native American chief, which was depicted on the obverse side of the coin. However, the term "Indian penny" is not its official name as the coin is officially known as the Indian Head cent. The use of the term "Indian penny" is more of a colloquialism that has emerged over time.
