Kyrgyzstani Som in Nigerian Naira

KGS Kyrgyzstani Som

Country of application:
Kyrgyzstan

Coin denominations in circulation:
10, 5, 3 and 1 som, as well as 50, 10 and 1 tyin.

Denominations of banknotes in circulation:
5 thousand, 1 thousand, 500, 200, 100, 50 and 20 soms.

History reference:
The national currency of Kyrgyzstan is the som, its international designation is KGS. The resolution on the introduction of the national currency was adopted by the Parliament of Kyrgyzstan on May 10..., 1993. Kyrgyzstan became the second CIS country after Russia to adopt its own national currency after the collapse of the Soviet Union. For a long time there was no catfish symbol. It was approved only at the beginning of 2017. The underlined letter "c" - C was chosen as a symbolic image. A national competition was held to select the symbol. The first letter of the word "catfish" was chosen. The bottom line represents stability. The 20-som banknote depicts the famous akyn Togolok Moldo, as well as the 15th century caravanserai Tash Rabat, which is located in Naryn. The banknote of 50 soms is dedicated to the leader and ruler of Kurmanjan-datka

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.