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The dinar did not follow the devaluation of the French franc in 1958, thus the exchange rate peg was abandoned. Instead a peg to the United States dollar of 1 dinar = 2.38 dollars was established which was maintained until 1964, when the dinar devalued to 1 dinar = 1.90 dollars. This second rate was held until the dollar was devalued in 1971.
In December 1958 the newly created Tunisian dinar was disconnected from the French franc. The bank maintains a Money Museum which includes a collection of recovered Carthaginian coins. Tunisia had a historically low inflation. The Tunisian Dinar was less volatile in 2000–2010 than the currencies of its oil-importing neighbors, Egypt and Morocco.
When the naira was introduced, it had an official exchange rate of US$1.52 for ₦1, though a currency black market existed in which the naira traded at a discount relative to the official exchange rate. The official exchange rate set by the Central Bank of Nigeria: naira to U.S. dollar is approximately ₦767.54 per 1 US dollar.
The dinar (/ d ɪ ˈ n ɑː r /) is the name of the principal currency unit in several countries near the Mediterranean Sea, with a more widespread historical use. The English word "dinar" is the transliteration of the Arabic دينار ( dīnār ), which was borrowed via the Syriac dīnarā from the Latin dēnārius .
Tejuosho Market. Tejuosho Market is an ultramodern market located along the Ojuelegba-Itire Road in Yaba, Lagos, Lagos State, Nigeria. [1] The market which is divided into two phases (Phase I and Phase II) contains about 2,383 lock-up shops in a sprawling four-storey building and about 1,251 K-clamps units, banking spaces, 14 food court spaces, eight lifts, two escalators connecting the four ...
From 2000 to 2009, Tunisia grew at an annual rate of 5.2% and its per capita income of about $8,300 (in PPP terms) in 2009 was second only to Lebanon among the oil-importing MENA countries. The stability of the Tunisian Dinar and historically low inflation [5] in Tunisia are positive indicators for its potential development of financial ...
Address: Tafawa Balewa Square, Onikan, Lagos Island: Location: Lagos, Lagos State, Nigeria: Coordinates: 1]: Operator: Lagos Chamber of Commerce and Industry (LCCI): Type: International Trade Fair: Surface: 350 hectare [1]: Construction; Built: 1974-1977 [1]: Opened: 1977: Architect: Zoran Bojović, with Predrag Ðaković, Milorad Cvijić & Ljiljana Bojović [1]: Builder: Energoprojekt holding ...
It consisted of both coins and banknotes produced specifically for Tunisia, although early banknotes were Algerian issues overstamped with "Tunisie". The franc was replaced in 1960 by the dinar at a rate of 1000 francs = 1 dinar, the dinar having been established as the unit of account in 1958.