Isle of Man Pound in Nigerian Naira

IMP Isle of Man Pound

Country of application:
Isle of Man Treasury

Coin denominations in circulation:
1, 2, 5, 10, 20, 50 pence, 1, 2, 5 pounds.

Denominations of banknotes in circulation:
1, 5, 10, 20, 50 lbs.

History reference:
The Isle of Man pound is the currency of the Isle of Man. Issued by the Government of the Isle of Man. The Isle of Man is a crown estate of the British Crown, located on the island of the same name b...etween the islands of Britain and Ireland in the Irish Sea. It has no land borders with any state in the region, but has conditional maritime borders with Great Britain and Ireland. Banknotes of the Manx pounds, which are currently in circulation, have, although monotonous, but still an interesting and original design. The obverse of Manx pound banknotes of all denominations invariably depicts a portrait of the Queen of Great Britain - Elizabeth II in various periods of her life. The digital denomination of the banknote is depicted in the upper left and lower right corners of the banknote, and in words in English - in the upper central part. The name of the issuing authority is also displayed in the upper central part above the capital version of the denomination. In the central part of the banknote, the coat of arms of the island is depicted - Triskeleon.

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.