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A distinctive set of sterling coinage for use in British West Africa was authorized by a series of Orders in Council beginning with the Nigeria Coinage Order, 1906, and in 1912, [3] the authorities in London set up the West African Currency Board. The circumstance prompting this move was a tendency for standard sterling coins shipped to the ...
This also made Nigeria the last country in the world to abandon the £sd currency system in favour of a decimal currency system. There was a government plan to redenominate the naira at 100:1 in 2008, but the plan was suspended. The currency sign is U+20A6 ₦ NAIRA SIGN. The name "Naira" was coined from the word "Nigeria" by Obafemi Awolowo.
A map of indigenously made pre-colonial African currencies and their respective minting states. In pre-colonial times, many objects were sometimes used as currency in Africa. These included shells, [1] ingots, gold (gold dust and gold coins (the Asante)), arrowheads, iron, salt, cattle, goats, blankets, axes, beads, and many others.
Pound is a name of various units of currency. It is used in some countries today and previously was used in many others. It is used in some countries today and previously was used in many others. The English word "pound" derives from the Latin expression lībra pondō , in which lībra is a noun meaning 'pound' and pondō is an adverb meaning ...
The ISO 4217 currency code for sterling is "GBP", [29] formed from the ISO 3166-1 alpha-2 code for the United Kingdom ("GB") and the first letter of "pound". [30] In historical sources and some specialist banking uses, the abbreviation stg (in various styles) has been used to indicate sterling.
Tuvaluan dollar – Tuvalu (not an independent currency, equivalent to Australian dollar) United States dollar – United States. See also International use of the U.S. dollar; Zimbabwean dollar – Zimbabwe; Đồng North Vietnamese đồng – North Vietnam; South Vietnamese đồng – South Vietnam; Vietnamese đồng – Vietnam; Drachma ...
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
The ten Naira note, distinguished by its orange tint, bears the likeness of Alvan Ikoku, a figure notable for his contributions to education in Nigeria.His representation on the note commemorates his pioneering efforts in establishing one of the earliest African-owned secondary schools, thus exemplifying the nation's commitment to educational development.