Before the colonization and ensuing making of the spot we currently know as Nigeria, occupants of the land were known to execute their organizations with the assistance of 'monetary forms' like cowries, trade of salt, animals and ranch produce and furthermore materials, in a demonstration known as exchange by deal. The west African Cash Board was answerable for giving monetary standards (which included banknotes and coins) from the year 1912 to 1959. The monetary forms available for use at that point were pounds, pence and shillings.
In 1959 the National Bank of Nigeria (CBN) began giving the Nigerian money notes, and in 1962, the lawful delicate was formally changed once more. Following the Nigerian common war, the money was again changed in 1968 as a war methodology, and in 1973, the naira and kobo turned into the authority lawful delicate. GQ234.com brings you through a world of fond memories and presents a concise history of Nigeria's cash in pictures:
Cowries were utilized for purchasing and selling before banknotes and coins were brought into the Nigerian economy. Installment of cowries was for the most part made in cups or in sacks.
Cowries were utilized as cash trade before the presentation of banknotes and coins
2. Exchange by bargain (trade of homestead produce, creatures, material, copper, and so on)
This framework was received by individuals who lived in a similar region, and it included giving what you had in return for what you required. This trade happened generally among people and their gods, and among companions and neighbors.
Merchandise were traded in kind for different products and enterprises
3. The Nigerian shillings gave in 1958/1959
Despite the fact that this category is not, at this point being used in present day Nigeria, the peddling is the lawful delicate in Kenya and Uganda. On the off chance that you happen to have around 5000 Shillings, you'd be N15,000 more extravagant in Kenya and pretty much N400 more extravagant in Uganda.
A front and back perspective on the five Shillings note
4. The Nigerian pounds in 1967:
Just on the off chance that you didn't know previously or you may have overlooked, this is an update that the lawful delicate in Nigeria used to be the pound. At the present time, any individual who has a lot of this money may be viewed as a rich individual, based on the current conversion standard of the pound to the naira, which is pegged at N565 to £1.
This was available for use 1967
5. Another five peddling note gave in 1968
As a war system, the shillings notes were changed to reflect various hues. While the banknotes were changed, the coins stayed unaltered and available for use.
A front and back perspective on the 'new' five Shillings note
6. One pound notes were reintroduced in an alternate shading in 1968
All the pound notes had their hues changed, including the five pound notes.
One pound notes with various hues were circled in 1968
7. 50 kobo was presented in 1973,
what's more, removed the market in 1978 Only five years after the fifty kobo note was first coursed in Nigeria, it was concluded that it ought to be removed the market. The nickel-plated coins for a similar group were presented in 1989 and in the end pulled back from the market in 2007.
The Fifty Kobo notes were presented in 1900's
8. The one Naira note:
The one Naira note was presented in January, 1973, by the National Bank of Nigeria.
The front and back perspective on the one naira note
9. The five Naira note: The five Naira note was first presented in 1973,
The green-shaded note bore the engraved representation of Alhaji Sir Abubakar Tafawa Balewa who was the principal head administrator of Nigeria. In 1984, the shades of the note were changed to mauve (a blend of pink and purple), and in 2007, the notes were changed from paper to polymer notes. The old five Naira note, the rear of the note shows the Nkpokiti artists from South Eastern Nigeria
The new polymer notes were circled in 2007 and have stayed in the market, despite the fact that the cash itself may
Five Naira polymer note
10. The ten Naira note:
The 10 Naira note was likewise given first in 1973, and is engraved with the picture of Dr Alvan Ikoku, a teacher and government official. The back is engraved with an image of Fulani milk house keepers from northern Nigeria. Front and back perspective on Alvan Ikoku
11. The 10 Naira note;
was reintroduced as polymer notes in 2007, and have stayed available for use.
Ten Naira polymer note
12. The 20 Naira note:
The 20 Naira note was first presented as paper notes in 1973, and shows the engraved picture of General Murtala Muhammed, a previous Nigerian military ruler. The notes were in the long run changed to polymer notes in 2007.
The old twenty Naira note
The polymer notes are still available for use till date, the rear of the polymer shows Ladi Kwali, a mainstream female potter.
Twenty Naira Polymer note
13. The 50 Naira note:
The 50 Naira note was the most noteworthy category in 1991 when it was first brought into the Nigerian market. The rear of the banknote portrayed ranchers taking a stab at their homestead.
Old fifty Naira note
The note was later changed to polymer in 2007, and the back was later changed to delineate anglers holding their huge catch.
Fifty Naira polymer note
14. The 100 Naira note:
The hundred Naira note was first presented in December 1999. The note shows the engraved representation of Boss Obafemi Awolowo, a previous head of the western district. The back shows the well known Zuma rock, situated in Niger state.
Old hundred Naira note
The 100 Naira note was in the long run changed on November 12, 2014 in celebration of Nigeria's 100 years of presence. The shade of the note was changed and the back was changed from Zuma rock to customary artists flaunting their abilities. The note likewise includes a QR code which dispatches a site about Nigeria's history when examined (wager you didn't have a clue about this)
The new 100 Naira note
15. The 200 Naira note:
The 200 Naira note was presented in 2000, and shows the engraved picture of Alhaji Sir Ahmadu Bello, the principal Head of Northern Nigeria. The back shows Pyramid of packs of rural item, natural products, vegetables, dairy cattle and domesticated animals cultivating. This most likely alludes to those beginning of exchange by deal, or shows that Nigeria is a nation that is wealthy in agribusiness.
The 200 Naira note
16. The 500 Naira note:
The 500 Naira note was presented in 2001, and shows the engraved picture of Dr Nnamdi Azikiwe, the primary Leader of the Government Republic of Nigeria. The back shows an image of a seaward oil rig (why not? Nigeria is known for its oil all things considered).
The 500 Naira note
17. The 1000 Naira note:
The 1000 Naira note was presented in 2005, turning into the most noteworthy section of the country's money. It is additionally the main Nigerian banknote that has the engraved picture of two conspicuous Nigerians, Alhaji Aliyu Mai Bornu and Dr. Merciful Isong, who were the first and second indigenous Governors of the National Bank of Nigeria. The back shows an image of the National Bank of Nigeria's corporate Administrative center in Abuja.
One thousand Naira note
Up until now, just the polymer notes have the three significant Nigerian dialects, Igbo, Hausa and Yoruba, engraved on them. They are additionally the main notes bearing the Nigerian banner.
18. The 'coins time':
In the past coins were the 'it' thing. The Pence were for the most part produced using Gold, while the Shillings were produced using Silver. Nowadays they have become 'wiped out' and even the National Bank of Nigeria attempted to carry them again into dissemination with the presentation of the N2 coin, it didn't get on as the estimation of the Naira has been on a consistent decay.
These coins were utilized in Nigeria, including the shillings and pence
These coins beneath could be known as the 'huge young men's of the Nigerian coins, as they were presented a lot later in 2007. The 50 Kobo coin was produced using the Nickel, the N1 coin was produced using Metal plated steel, the N2 coins were made with Copper plated Steel.
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