History of the Naira:
The naira was introduced in 1973, replacing the pound at a rate of 2 naira = 1 pound. This made Nigeria the last country to abandon the £sd currency system. There was a plan to redenominate the naira at 1 new naira = 100 old naira in 2008, but the plan has been suspended.

For more information and images, please go see: http://en.wikipedia.org/wiki/Nigerian_naira

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