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Currency Spotlight: Africa (2)
5 More African Currencies
The economy of the 2nd largest continent in the world relies heavily on agriculture. There are 41 currencies in use across the 54 countries in Africa and in this article, the spotlight is on 5 of those currencies.
1. Naira (NGN): the official currency of the Federal Republic of Nigeria🇳🇬
Denominations: 50 kobo, 1, 2, (coins), 5, 10, 20, 50, 100, 200, 500 & 1000 Naira.
With a population of over 200 million people, Nigeria is the most populous country in Africa and one of the top 10 most populous countries in the world. It gained independence from colonial rule in 1960 and has since emerged to be a hub for fashion, creativity, music and technology. It has the largest economy on the continent, and is also home to one of the top film industries in the world.
Located in West Africa, the country shares borders with Benin Republic, Niger, Chad and Cameroon. In addition to having an abundance of natural resources, including oil and gas, there are also a good number of natural landmarks and wildlife reserves in…
