At first, Cowries were used for buying and selling before banknotes and coins were introduced into the Nigerian economy. Payments mostly made in cups or in bags. .. There was also the Trade by Barter System: adopted by people who lived in the same locality, and it involved giving what you had in exchange for what you needed. You could exchange a cow for 5 goats etc. .. The Nigerian shillings were issued in 1958/1959 Even though this denomination is no longer in use in present day Nigeria, the shilling is the legal tender in Kenya and Uganda. .. The Nigerian pound issued in 1967: This was the legal tender used in Nigeria back then. Currently 1 pound is over 500 Naira. .. Another 5 shilling note issued in 1968: This was done as a strategy of war, the shillings notes were changed to reflect different colours. While the banknotes were changed, the coins remained unchanged and in circulation. .. 1 pound notes were reintroduced in a differ...
Just Writings of Bored Me
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