Nigeria as a nation has persevere and held itself together since the colonial period but one thing still remains, that is, its currency.
Below is a few list, in the history of Nigeria’s currency.
- Trade by barter This had to deal with exchange of goods between two people, this could be between neighbours or friends who knows themselves. If a person have a goat and another have a yam. The two can make exchange if they both need each other’s item.
2.Coweries and Manilas
Surprisingly, this was also a means of payment. Most of its payment were measure in bags or containers.
Another means of currency Nigeria tried on was Manilas, This has been in existence before coins or kobo’s were introduce into the economy. However, shortly after this bank notes were introduces as a means of payment.
- Nigeria Shilling
- Nigeria Pounds
Once upon a time Nigeria used pounds as means of payment, but today it is no more. Judging from the current exchange. The exchange value of pounds to naira which is our current currency is too expensive so much that the naira has no value. Imagine if we had maintained pounds as our currency it would have been better.
- The Nigeria Naira Note
The naira note which was introduced by central bank of Nigeria has been fluctuating over the years but in recent times it has been down to an irrecoverable state. Now many wish the government would have maintained the pounds we once had, maybe, its value would have been better than the naira in the exchange market.
READ ALSO:Beautiful Paintings by a Nigerian