Tajikistani Somoni in Nigerian Naira

TJS Tajikistani Somoni

Country of application:
Tajikistan

Coin denominations in circulation:
1, 2, 5, 10, 20, 50 dirams, 1, 3 and 5 somoni.

Denominations of banknotes in circulation:
1, 3, 5, 10, 20, 50, 100, 200, 500 somoni.

History reference:
The Tajik somoni has been the national currency and money of the Republic of Tajikistan since 2000, which has replaced the Tajik ruble. The money of Tajikistan is named after the founder of the first... state in the 9th century, Ismail Samani. After the overthrow of Soviet power, the Soviet ruble was still used as the official currency of Tajikistan on the territory of the newly-made Tajik state. The government of the country decided that it was necessary to develop its own monetary unit, and on May 10, 1995, the Tajik ruble, which was developed on the basis of the Soviet one, was put into circulation. The coins of this issue were minted at the St. Petersburg Mint. On the coins of 2006, in comparison with the coins of 2001, there is an enlarged image of the denomination. In 2018, redesigned coins of 1, 3 and 5 somoni were minted at the Kazakh Mint.

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.