Online Encyclopedia

LAKH (from the Sans. laksha, one hund...

Online Encyclopedia
Originally appearing in Volume V16, Page 94 of the 1911 Encyclopedia Britannica.
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LAKH (from the Sans. laksha, one hundred thousand), a term used in British India, in a colloquial sense to signify a lakh of rupees (written i,00,000), which at the face value of the rupee would be worth £zo,000, but now is worth only £6666. The term is also largely used in trade returns. A hundred lakhs make a crore.
End of Article: LAKH (from the Sans. laksha, one hundred thousand)
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can lakh be used to write the cheques, is it internationally accepted?
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