Kazakhstani Tenge in Nigerian Naira

KZT Kazakhstani Tenge

Country of application:
Kazakhstan

Coin denominations in circulation:
50, 20, 10 and 5 tiyn.

Denominations of banknotes in circulation:
10 thousand, 5 thousand, 2 thousand, 1 thousand, 500 and 200 tenge.

History reference:
Kazakhstani (Kazakh) tenge is the national currency of Kazakhstan. The history of the Kazakhstani tenge begins on November 15, 1993, when the currency was put into circulation. Prior to this, residen...ts used different currency means. The last currency used is the Soviet ruble, which was in the country when Kazakhstan was part of the USSR. According to archaeologists, the first money that appeared on the territory of Kazakhstan is of Chinese origin. And this is not surprising, since the country was located on the Great Silk Road connecting Europe and Asia. Since the 6th century, coins of Turkic rulers have appeared in circulation. And from the 8th century, the steppe nomads of the region were invaded by the Arabs and settlements began to be carried out in silver dirhems. The first mints appeared in such ancient cities as Baraba, Ispidzhab, Taraz. The raw material for minting was the local silver mines located in the upper reaches of the Talas and Akhangaran rivers.

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.