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The Nigerian fifty-naira note (₦ 50 or NGN 50) is a denomination of the Nigerian currency. When the note was introduced in October of 1991, it was the banknote with the highest denomination in Nigeria at the time. [1] [2]
On 1 January 1973, the Central Bank of Nigeria introduced notes for 50 kobo, ₦1, ₦5, ₦10 and ₦20: in April 1984, the colors of all naira banknotes were changed in an attempt to control money laundering. [12] In 1991, ₦50 notes were issued, while the 50 kobo and ₦1 notes were replaced by coins in 1991.
2.4 ₦50 Note. 2.5 ₦100 Note. ... The Nigerian naira notes are the official banknotes ... graces the front of the hundred naira note which was introduced in ...
During colonial times (roughly from 1680 to 1990) the respective colonial powers introduced their own currencies to their colonies or produced local versions of their currencies. These included the Somali shilling; the Italian East African lira; and the African franc (in Francophone countries). Many post-colonial governments have retained the ...
The introduction of the Naira was part of Nigeria's decimalisation process, aligning the currency system with international standards. The Naira is subdivided into 100 Kobo. [36] Over the years, various denominations of banknotes and coins have been issued, with notable changes in design and security features to prevent counterfeiting. [37]
The death sentence was introduced in the 1970s in Nigeria, but there have been no executions in the country since 2016. ... The court eventually granted 10 million naira ($5,900) bail to each the ...
In 1918, emergency issues were made by the government in denominations of 1/–, 10/– and 20/–. In 1959, [3] the Central Bank of Nigeria introduced notes in denominations of 5/– and 10/–, £1 and £5. Three series of notes were issued–in 1958, 1967 and in 1968.
The Bank of Canada introduced the Frontier Series $100 polymer banknote to modernise its currency and reduce counterfeiting. [57] $50 banknotes were put into circulation in March 2012; the $20 note was put into circulation on 7 November 2012 [58] with the $10 and $5 denominations released on 7 November 2013. [59] [60] Guatemala: November 2011