207/365 – 07/26/11 – One Naira Coin

26 Jul
Dsc_0062

Exchange Rate as of today (7/26/2011) 
₦1 = $0.0066

Some notes about the Nigerian Coat of Arms:

It has the portrait of Sir Herbert Macaulay on one side and the Coat of Arms of the Federal Republic of Nigeria on the other side.

The shield represents the good earth of Nigeria.
The wavy bands represent the rivers Niger and Benue.
The horses represent dignity.
The eagle represents strength.
The wreath is in the colors of the Nigerian flag.
The ground on which the bearings stand is Coctus Spectablis, which is a common wild flower found throughout Nigeria.
The motto says "Unity and faith, Peace and Progress".

The naira (sign: ₦; code: NGN) is the currency of Nigeria. It is subdivided into 100 kobo.
The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federation. It controls the volume of money supply in the economy in order to ensure monetary and price stability.

More info at en.wikipedia.org/wiki/Nigerian_naira

http://www.flickr.com/photos/shardayyy

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: