nounhistorical South Asian
In India: a monetary unit equal to one-hundredth of a rupee.
The naya paisa was in use from 1957 until 1963, when the same monetary unit was renamed paisa.
naya paisa/ˌnʌɪ(j)ə ˈpʌɪsə/ /ˌnʌɪ(j)ə ˈpeɪsə/
1950s. From Hindi nayā paisā new pice from nayā new, modern (from Sanskrit naviya) + paisā copper coin, quarter anna.