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  2. Nigerian naira - Wikipedia

    en.wikipedia.org/wiki/Nigerian_naira

    Old Nigerian currency. 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.

  3. West African CFA franc - Wikipedia

    en.wikipedia.org/wiki/West_African_CFA_franc

    Usage of: West African CFA franc Central African CFA franc The West African CFA franc (French: franc CFA or simply franc, ISO 4217 code: XOF; abbreviation: F.CFA) is the currency used by eight independent states in West Africa which make up the West African Economic and Monetary Union (UEMOA): Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.

  4. List of currencies in Africa - Wikipedia

    en.wikipedia.org/wiki/List_of_currencies_in_Africa

    African currency was originally formed from basic items, materials, animals and even people available in the locality to create a medium of exchange. This started to change from the 17th century onwards, as European colonial powers introduced their own monetary system into the countries they invaded.

  5. Nigeria lets market set currency exchange rate to stabilize ...

    www.aol.com/news/nigeria-lets-market-set...

    Nigeria’s central bank has ended its distorted foreign exchange rate, a move the new government in Africa’s biggest economy hopes will help woo investors and stabilize the local currency. The ...

  6. CFA franc - Wikipedia

    en.wikipedia.org/wiki/CFA_franc

    Usage of: West African CFA franc (XOF) Central African CFA franc (XAF) CFA franc (French: franc CFA, [fʁɑ̃ seɛfɑ]) is the name of two currencies used by 210 million people (as of 2023) in fourteen African countries: the West African CFA franc (where "CFA" stands for Communauté Financière Africaine, i.e. "African Financial Community" in English), used in eight West African countries, and ...

  7. Ghanaian cedi - Wikipedia

    en.wikipedia.org/wiki/Ghanaian_cedi

    First cedi Reason: convenience of exchange and an opportunity to remove Kwame Nkrumah from coins and notes Ratio: 1 second cedi = 1.2 first cedis = 10 shillings: Currency of Ghana 23 February 1967 – 2 July 2007 Succeeded by: Third cedi Reason: inflation Ratio: 1 third cedi = 10,000 second cedis

  8. Decimalisation - Wikipedia

    en.wikipedia.org/wiki/Decimalisation

    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 ...

  9. Central African CFA franc - Wikipedia

    en.wikipedia.org/wiki/Central_African_CFA_franc

    The currency was pegged to the French franc (F) at F.CFA 1 = 2 French francs from 1948, becoming F.CFA 1 = NF 0.02 after introduction of the new franc at 1 new franc = 100 old francs. In 1994 the currency was devalued by half to F.CFA 1 = F 0.01.