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Niger
Francs, Nigeria
Liard; Naira; Pence; Shilling
The West African CFA franc is the currency of eight independent states
in west Africa, including
Niger. CFA stands forFinancial Community of Africa. nominally subdivided
into 100 centimes .
In several central African states, the Central African CFA franc, which
is of equal value to the West African CFA franc, is in circulation.
The naira is the currency of Nigeria. . It is subdivided into 100 kobo.
The Central Bank of Nigeria is the sole issuer of legal tender
money throughout the Federation.The naira was introduced in 1973,
replacing the pound
with 50 kobo, 1, 5,
10 and 20 naira notes. In the nineties 50 naira notes were issued,
followed by 100 , 200 , 500 and 1000 naira 2005.
In 2007, new versions of the 5 to 50 naira banknotes were announced. The
10, 20 and 50 naira will be polymer banknotes,.
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