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Lakh

LAKH (from the Sans, laksha, one hundred thousand), a term used in India, in a colloquial sense to signify a lakh of rupees (written 1,00,000), which at the face value of the rupee would be worth 10,000, but now is worth only 6666. The term is also largely used in trade returns. A hundred lakhs make a crore.

Note - this article incorporates content from Encyclopaedia Britannica, Eleventh Edition, (1910-1911)

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