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How to pronounce the word naira?



How to pronounce naira?

The word naira sounds like na-i-ra

What is the definition of naira?

nounthe basic unit of money in Nigeria

What is the meaning of the word 'naira'?

  • Naira is the currency of Nigeria.

What is the symbol for 'naira'?

  • The symbol for 'naira' is ₦.

What is the origin of the word 'naira'?

  • The word 'naira' is derived from the Nigerian currency, 'Nigeria pound', which was used before the introduction of the naira in 1973.

What are the denominations of 'naira'?

  • The denominations of 'naira' banknotes are 5, 10, 20, 50, 100, 200, 500, and 1000 naira.

What are the commonly used coins of 'naira'?

  • The commonly used coins of 'naira' are in denominations of 1 naira, 2 naira, 5 naira, 10 naira, 20 naira, and 50 naira.

Who is the figure depicted on the Nigerian 'naira' banknotes?

  • The Nigerian 'naira' banknotes depict various notable figures in Nigerian history, such as Nnamdi Azikiwe, Tafawa Balewa, and Alhaji Aliyu Mai-Bornu.

Is 'naira' only used in Nigeria?

  • Yes, 'naira' is the official currency of Nigeria and is only used within the country.

What is the exchange rate of 'naira' to US dollars?

  • The exchange rate of 'naira' to US dollars varies and is subject to market fluctuations. It is recommended to check with a reliable source or financial institution for the most up-to-date exchange rate.

Are there any restrictions on the use of 'naira'?

  • Yes, it is illegal to import or export Nigerian currency (including 'naira') beyond certain limits set by the Central Bank of Nigeria.

Are there any alternative names for 'naira'?

  • There are no widely recognized alternative names for 'naira'. It is commonly referred to as 'naira' in Nigeria.