when did nigeria change its currency from pounds to naira
Nigerian naira The naira was introduced on 1 January 1973, replacing the pound at a rate of 2 naira = 1 pound.[2] This made Nigeria the last country to abandon the £sd currency system. There was a plan to redenominate the naira at 1 new naira = 100 old naira in 2008, but the plan was suspended. The currency sign is U+20A6 ₦ Naira sign.
Economic nationalism While the coining of the term "
Decimalisation India changed from the rupee, anna, pie system to decimal currency on 1 April 1957.
Nigerian naira On January 1, 1973, the Central Bank of Nigeria introduced notes for 50 kobo, 1, 5, 10 and 20 naira. The 50 kobo notes were last issued in 1989. In 1991, 50 naira notes were issued, followed by 100 naira in 1999, 200 naira in 2000, 500 naira in 2001 and 1000 naira on October 12, 2005.