naira sign

The naira is the currency of Nigeria. The ISO currency code is NGN. This article is in need of improvement. ... Image File history File links Naira_sign. ... Image File history File links Naira_sign. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ...

Introduction

Nigeria's domestic currency is the naira, which is circulated in banknotes and coins. The naira bank notes and coins are legal tender. The widespread confidence in naira purchasing power makes it popular in the region and enhances the operation of the payment system.

The naira was introduced in 1973, replacing the pound at a rate of 2 naira = 1 pound. This made Nigeria the last state to abandon the £sd currency system. It is divided into 100 kobo. The pound was the currency of Nigeria between 1907 and 1973. ... £sd (pronounced, and sometimes written, LSD) was the popular name for the pre-decimal currencies used in the United Kingdom, and in most of its Empire and colonies. ... One Kobo is one-hundredth of a Naira, the currency of Nigeria. ...

The symbol for the naira is ₦, which is included in Unicode at code point U+20A6. Because of technical limitations, some web browsers may not display some special characters in this article. ...

Central Bank of Nigeria

The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federation. It controls the volume of money supply in the economy in order to ensure monetary and price stability. The Currency & Branch Operations Department of the CBN is in charge of currency management, through the procurement, distribution/supply, processing, reissue and disposal/disintegration of bank notes and coins. This article is in need of improvement. ...

Circulating currency

The one thousand naira (N1000) note is the highest denomination in circulation. It was released into circulation on October 12, 2005. The security thread is the metallic strip on the back of the note. There is a subtle shiny strip running down the back of the note. It is a shimmery gold colour showing 1000 naira. The triangular shape in the middle of the front of the note changes its colour from green to blue when tilted. The main feature on the front is the engraved portraits of Alhaji Aliyu Mai-Bornu and Dr Clement Isong, former governors of the Central Bank of Nigeria. The back illustrates Central Bank Head Office Building, Abuja. October 12 is the 285th day of the year in the Gregorian calendar (286th in leap years). ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...

There are plans to reintroduce the 50 kobo and 1 naira coins as well as a 2 naira coin, the N1 and N2 coins will be bimetallics. All this is along with newer versions of the 5 to 50 naira banknotes, the banknotes of 10, 20 and 50 Naira will be made in polymer. ^{[citation needed]}

Coins

• ½ kobo [1]
• 1 kobo
• 5 kobo
• 10 kobo
• 25 kobo
• 50 kobo
• 1 naira [2]
• 2 naira ^{[citation needed]}

Banknotes

• 1 naira (discontinued)
• 5 naira
• 10 naira
• 20 naira
• 50 naira
• 100 naira
• 200 naira
• 500 naira
• 1000 naira

Exchange rate history

This table shows the historical value of one U.S. Dollar in Nigerian naira:

PM = Parallel Market 1972 (MCMLXXII) was a leap year starting on Saturday. ... 1973 (MCMLXXIII) was a common year starting on Monday. ... 1974 (MCMLXXIV) was a common year starting on Tuesday. ... 1975 (MCMLXXV) was a common year starting on Wednesday. ... 1976 (MCMLXXVI) was a leap year starting on Thursday. ... For the album by Ash, see 1977 (album). ... 1978 (MCMLXXVIII) was a common year starting on Sunday. ... This page refers to the year 1979. ... 1980 (MCMLXXX) was a leap year starting on Tuesday. ... 1981 (MCMLXXXI) was a common year starting on Thursday of the Gregorian calendar. ... 1982 (MCMLXXXII) was a common year starting on Friday of the Gregorian calendar. ... 1983 (MCMLXXXIII) was a common year starting on Saturday of the Gregorian calendar. ... 1984 (MCMLXXXIV) was a leap year starting on Sunday of the Gregorian calendar. ... 1985 (MCMLXXXV) was a common year starting on Tuesday of the Gregorian calendar. ... 1986 (MCMLXXXVI) was a common year starting on Wednesday of the Gregorian calendar. ... 1987 (MCMLXXXVII) was a common year starting on Thursday of the Gregorian calendar. ... 1988 (MCMLXXXVIII) was a leap year starting on Friday of the Gregorian calendar. ... 1989 (MCMLXXXIX) was a common year starting on Sunday of the Gregorian calendar. ... This article is about the year. ... 1991 (MCMXCI) was a common year starting on Tuesday of the Gregorian calendar. ... 1992 (MCMXCII) was a leap year starting on Wednesday. ... 1993 (MCMXCIII) was a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003). ... 1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by United Nations. ... 1995 (MCMXCV) was a common year starting on Sunday of the Gregorian calendar. ... 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... 1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ... 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean. ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Old Farts by the Sometimes-United Nations. ... This article is about the year 2000. ... 2001: A Space Odyssey. ... For album titles with the same name, see 2002 (album). ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...

As of September 12, 2006, the rate was
1 USD = ₦ 128.18
1 EUR = ₦ 162.63
1 GBP = ₦ 240.03
edit this exchange rate Portal:Currentevents September 12 is the 255th day of the year (256th in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... ISO 4217 Code USD User(s) the United States, the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 3. ... ISO 4217 Code EUR User(s) European Union; eurozone: Austria, Belgium, Finland, France, Germany, Greece, Republic of Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain; outside eurozone: Andorra, Monaco, San Marino, Vatican City, Montenegro, Kosovo, French Guiana, Réunion, Saint-Pierre et Miquelon, Guadeloupe, Martinique, Mayotte. ... ISO 4217 Code GBP User(s) United Kingdom Inflation 2. ...

External links

• The 1000 Naira Note
• 1000 Naira Note: Will there be inflation?