NGN (Nigerian Naira)

外汇网2021-06-19 13:42:10 46

The currency abbreviation for the Nigerian naira (NGN), the currency for Nigeria. The Nigerian naira is made up of 100 kobo and is often psented with a symbol that looks like the capital latin letter "N" with two horizontal slashes through the middle.

|||Before the naira, Nigeria used an undecimalized system of pounds, sterling and pence. The Nigerian naira replaced the old system in 1973 at a rate of 2:1. By 2008, inflation in Nigeria had dramatically devalued the currency and it was scheduled to be redenominated until this action was canceled by the country's psident.

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