Nigerian pound

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Nigerian pound
Central bank	Central Bank of Nigeria
Website	www.cenbank.org
User(s)	Nigeria
Subunit
1/20	shilling
1/240	penny
Symbol	£
shilling	s
penny	d
Coins	½, 1, 3, 6 pence 1, 2 shilling
Banknotes	5/-, 10/-, £1, £5
This infobox shows the latest status before this currency was rendered obsolete.

The pound was the currency of Nigeria between 1907 and 1973. Until 1958, Nigeria used the British West African pound, after which it issued its own currency. The pound was subdivided into 20 shillings, each of 12 pence. The Nigerian pound (which was at parity with the British pound with easy convertibility^[1]) was replaced with the introduction in 1973 of the decimal naira at a rate of 1 pound = 2 naira.^[2] This made Nigeria the last country to abandon the £sd currency system.

Coins

Coins were issued in 1959 in denominations of ½, 1, 3 and 6 pence, 1 and 2 shillings. The ½ and 1 penny coins were bronze and holed. The 3 pence coin, minted in nickel-brass, was a smaller version of the distinctive twelve sided threepenny bits that were used in the UK, Fiji, and Jersey. The higher denominations were struck in cupro-nickel.

Banknotes

In 1918, emergency issues were made by the government in denominations of 1, 10 and 20 shillings. In 1959,^[3] the Central Bank of Nigeria introduced notes in denominations of 5 and 10 shillings, 1 and 5 pounds. Three series of notes were issued, in 1958, 1967 and 1968.

References

↑ Central Bank of Nigeria. "The Foreign Exchange Market in Nigeria". Retrieved 2007-05-21.
↑ Central Bank of Nigeria. "http://www.cenbank.org/HistoryFactsAll.asp?sign=2". Retrieved 2007-05-21.
↑ Central Bank of Nigeria Retrieved 2011-03-30.

Krause, Chester L., and Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.

v t e Currencies named pound or similar

Current	Egyptian pound Falkland Islands pound Gibraltar pound Guernsey pound Jersey pound Lebanese pound Manx pound Pound sterling Saint Helena pound South Sudanese pound Sudanese pound Syrian pound Turkish lira

Local alternative currency	Bristol pound Brixton Pound Lewes Pound Stroud Pound Totnes Pound

Defunct	Alderney pound Anglo-Saxon pound Australian pound Bahamian pound Bermudian pound Biafran pound British West African pound Canadian pound Connecticut pound Cypriot pound Delaware pound Fijian pound French livre French colonial livre Gambian pound Georgia pound Ghanaian pound Haitian livre Irish pound Israeli lira Italian lira Jamaican pound Libyan pound Livre tournois Lombardy-Venetia pound Luccan pound Malawian pound Maltese pound Maltese lira Maryland pound Massachusetts pound New Brunswick pound New France livre New Guinean pound New Hampshire pound New Jersey pound New York pound New Zealand pound Newfoundland pound Nigerian pound North Carolina pound Nova Scotian pound Oceanian pound Ottoman lira Palestinian pound Papal lira Paris livre Parman lira Pennsylvania pound Pound Scots Prince Edward Island pound Rhode Island pound Rhodesian pound Rhodesia and Nyasaland pound Sardinian lira Solomon Islands pound South Carolina pound Southern Rhodesian pound South African pound South African Republic pound South West African pound Tongan pound Transvaal pound Tuscan pound Virginia pound West Indian pound Western Samoan pound Zambian pound

See also	Dinar Pound sign Troy pound

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Nigerian pound

Coins

Banknotes

References

See also