Barbadian dollar in Nigerian Naira

BBD Barbadian dollar

Country of application:
Barbados

Coin denominations in circulation:
5, 10, 25 cents, 1 dollar.

Denominations of banknotes in circulation:
2, 5, 10, 20, 50, 100 dollars.

History reference:
BBD (Barbadian dollar) is the national currency of the Caribbean island nation of Barbados. Barbados is an island nation in the Lesser Antilles off the coast of South America. Both the Spanish and th...e Portuguese claimed the island during their periods of colonial expansion, but it was the British who later established a colony there in 1627. Since 1949, with the introduction of the British West Indies dollar, the currency of Barbados has become officially associated with the activities of the British Eastern Caribbean and the territory as a whole. Between 1938 and 1949, the government of Barbados issued paper banknotes in dollars. The last private bank notes were issued in 1949. British pound sterling coins were replaced with new coins in 1955. In 1965, the East Caribbean dollar replaced the British West Indies dollar in Barbados.

NGN Nigerian Naira

Country of application:
Nigeria

Coin denominations in circulation:
50 kobo, 1, 2.

Denominations of banknotes in circulation:
5, 10, 20, 50, 100, 200, 500, 1000 naira.

History reference:
The Nigerian Naira is the currency of Nigeria, the name of the currency comes from the name of the state and the river. The naira was put into circulation on January 1, 1973 instead of the Nigerian p...ound, 1 pound = 2 naira. Thus, Nigeria became the last African state to abandon the duodecimal monetary system. Rampant inflation has occurred in Nigeria. The Central Bank of Nigeria said they were trying to keep the annual inflation rate below 10%. In 2011, CBN increased its key interest rate 6 times from 6.25% to 12%. On January 31, 2012, CBN decided to keep its key interest rate at 12% to reduce the impact of inflation due to cuts in fuel subsidies. On October 25, 2021, eNaira, an electronic analogue of the national currency, was launched in Nigeria. eNaira is not a cryptocurrency, all transactions are controlled by financial government agencies.