nigerian monetary unit Synonyms
No Synonyms and anytonyms found
nigerian monetary unit Meaning
Wordnet
nigerian monetary unit (n)
monetary unit in Nigeria
nigerian monetary unit Sentence Examples
- The Nigerian monetary unit, the naira, is the official currency of Nigeria.
- The naira is divided into 100 kobo, which are further subdivided into 5, 10, and 25 kobo coins.
- The Central Bank of Nigeria is the sole issuer of the naira and regulates its issuance and circulation.
- The naira is traded on the foreign exchange market, where its value is determined by supply and demand.
- The value of the naira has fluctuated over the years, influenced by economic factors such as oil prices and inflation.
- The Nigerian monetary unit is used for transactions both within Nigeria and internationally.
- The naira is a symbol of Nigerian sovereignty and economic identity.
- Counterfeiting of the naira is a serious crime and can lead to severe penalties.
- The Nigerian monetary unit is used for both cash and electronic transactions.
- The stability of the naira is crucial for the economic development and prosperity of Nigeria.
FAQs About the word nigerian monetary unit
monetary unit in Nigeria
No synonyms found.
No antonyms found.
The Nigerian monetary unit, the naira, is the official currency of Nigeria.
The naira is divided into 100 kobo, which are further subdivided into 5, 10, and 25 kobo coins.
The Central Bank of Nigeria is the sole issuer of the naira and regulates its issuance and circulation.
The naira is traded on the foreign exchange market, where its value is determined by supply and demand.
