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Antique & New
Niger francs, Nigeria Liard; Naira; Pence; Penny;
Shilling,
Currency Collections, Commemorative coins, Commemoratives, Mint and Proof sets
niger
The West African CFA franc is the currency of eight
independent states in west Africaincluding Niger,. CFA stands for Communauté
financière d'Afrique ("Financial Community of Africa"). It is issued by the
Central Bank of the
West African States in Dakar, The franc is nominally subdivided into 100 centimes but no
centime denominations have been issued.
In several central African states, the Central African CFA franc, which is of
equal value to the West African CFA franc, is in circulation.
Nigeria Coins were introduced in denominations of ½, 1, 5, 10 and 25 kobo, with
the ½ and 1 kobo in bronze and the higher denomnations in cupro-nickel. In
the nineties, smaller 1, 10 and 25 kobo coins
were issued in copper-plated-steel, along with nickel-plated-steel 50 kobo and 1
naira. followed by new, bimetallic coins issued in denominations
of 50 kobo, 1 and 2 naira. The ½ to 25 kobo coins were withdrawn
from circulation with effect from February 2007.
The naira was scheduled for redenomination in August 2008 with 100 old naira to
become 1 new naira. The Nigerian Central Bank has stated that it will make the
naira fully convertible against foreign currencies .
Coins were to be issued in denominations of:1 Kobo , 2 Kobo , 5 Kobo , 10 Kobo,
20 Kobo .
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