Miscellaneous - This Day That Age   

dated March 31, 1957: Decimal coinage

The new decimal coinage with 100 naye paise for the rupee comes into force on April 1, and the business community, the banks, the Post and Telegraph Department, the Government and other public institutions are getting ready for the change-over. With the announcement on March 30 of two major decisions - the continuance of the sale of the existing postage stamps at new values and the rates of money order commission - the stage is set for an almost complete switch-over of the Post and Telegraph services to the decimal coinage system. It is for the first time in 100 years that the entire structure of postal tariff has had to be revised simultaneously.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Cartoonscape
The Hindu Crossword 8875
Solution to Puzzle 8874
Message of peace
dated March 31, 1957: Tribute to Motilal Nehru
dated March 31, 1957: Jarring leaves
dated March 31, 1957: Decimal coinage
Weather

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu