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
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hundred thousand)  , a
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term used in
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British
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India, in a colloquial sense to signify a
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lakh of rupees (written i,00,000), which at the
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face value of the
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rupee would be
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worth £zo,000, but now is worth only £6666 . The term is also largely used in
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trade returns . A
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hundred lakhs make a
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crore .

End of Article: LAKH (from the Sans. laksha, one hundred thousand)
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Additional information and Comments

can lakh be used to write the cheques, is it internationally accepted?
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