What is Naira?
The sole Federal Republic of Nigeria’s legal tender issuer of money is called the Central Bank of Nigeria (CBN). The Central Bank of Nigeria (CBN) regulates the flow of cash into the economy in order to ensure price stability and stability in the monetary system. Its Currency Operations Department is responsible for managing the currency. This involves the creation acquisition, distribution as well as the supply and processing of banknotes and coins.
What is the Nigerian equivalent of a 500 Naira bundle?
The currency in Nigeria is called the naira coded N Sign: N. One naira could be divided into 100 Kobo. The 500-naira package is 100 pieces. CBN calculates in Nigerian currency.
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