Canadian Dollar in Nigerian Naira

CAD Canadian Dollar

Country of application:
Canada

Coin denominations in circulation:
2 and 1 dollar, 50, 25, 10 and 5 cents.

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

History reference:
The Canadian dollar is the national currency and monetary unit of Canada. The country of currency circulation is Canada. The rate of the Canadian dollar is set during trading on the currency exchange... and is constantly changing. Its value depends on the balance of supply and demand. According to the accepted in the 70s. IMF Jamaican currency system, this method of determining the exchange rate is called free conversion. When, in 1759, part of the state was captured by British troops, more than 60 thousand people already lived in it, using French as their main language. Since 2011, this figure has exceeded seven million, and the language has become the second officially recognized state language. As a tribute to the traditional names of such colonies, most often the Quebecers, but also others, call banknotes plays (pesos), and change coins sous, instead of cents.

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.