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The naira was introduced on 1 January 1973, [9] replacing the Nigerian pound at a rate of £1 = ₦2. [10] The coins of the new currency were the first coins issued by an independent Nigeria, as all circulating coins of the Nigerian pound were all struck by the colonial government of the Federation of Nigeria in 1959, with the name of Queen ...
Decimalisation or decimalization (see spelling differences) is the conversion of a system of currency or of weights and measures to units related by powers of 10.. Most countries have decimalised their currencies, converting them from non-decimal sub-units to a decimal system, with one basic currency unit and sub-units that are valued relative to the basic unit by a power of 10, most commonly ...
The notes denominated from $20 000 to $500 000 and then from $10 million onwards used non-watermarked paper, whilst the $500 million notes were printed on pure cotton. [63] A silhouette of the Zimbabwe Bird in Optically Variable Ink was used in such notes to compensate for this, but the iridescent strip was dropped for higher denominations.
10,000,000 (ten million) is the natural number following 9,999,999 and preceding 10,000,001. In scientific notation , it is written as 10 7 . In South Asia except for Sri Lanka , it is known as the crore .
A googol is the large number 10 100 or ten to the power of one hundred. In decimal notation, it is written as the digit 1 followed by one hundred zeros: 10, 000, 000 ...
The Nigerian naira notes are the official banknotes of Nigeria, the currency of which is the Nigerian naira (NGN). The naira is subdivided into 100 kobo. The naira is subdivided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender in the country.
So too are the thousands, with the number of thousands followed by the word "thousand". The number one thousand may be written 1 000 or 1000 or 1,000; larger numbers are written for example 10 000 or 10,000 for ease of reading.
The Nigerian two hundred-naira bill (₦200) is a denomination of Nigerian currency. The first Nigerian note with this value was issued in November 2000. [1] Sardauna of Sokoto Ahmadu Bello has been featured on the obverse of the bill since 2000.