Nigerian Naira in Sri Lankan Rupee

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.

LKR Sri Lankan Rupee

Country of application:
Sri Lanka

Coin denominations in circulation:
1, 2, 5, 10 rupees.

Denominations of banknotes in circulation:
20, 50, 100, 500, 1000, 5000 rupees.

History reference:
The Sri Lankan rupee is the currency of Sri Lanka. The country has been developing and developing the monetary unit all the time, the country had its own monetary system, many countries used the mone...y of this country. The intensive development of the country made it possible to bypass all the many countries. The country has a stable economy. The first currency of the country was a great success, a lot of money and labor was invested in the development and creation. The security features were strong, but the design had a poor quality feel. But nevertheless, the monetary unit began to be in demand outside the country. It is recommended to exchange money for the currency of Sri Lanka only at official institutions and exchange offices, usually located in Sri Lankan banks, the airport and large international hotels. Here we are talking not so much about the more favorable rate of the Sri Lankan rupee, but about the fact that when exchanging currency in official institutions, a special check is issued, according to which, when departing from Colombo at the airport bank, you can exchange Sri Lankan rupees at the official purchase rate.