The bonds would be priced in the likes of South Africa rand, Botswana pula, Nigerian naira, Ugandan shilling or Zambian kwacha rather than the U.
What does N stand for?
N stands for Nigerian Naira (national currency)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
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Samples in periodicals archive:
A laptop bag with 106,500 Nigerian Naira (Dh 2,480), passport, laptop, blackberry, cheque books and watch was left behind in my cab," said Arif, who hails from Sialkot in Punjab.
I gave them what I had - 12,000 US dollars, 500,000 Nigerian naira, and some personal money that I had in a box.
But less noticed have been falls against currencies like the Bangladeshi taka (down 22% since June 2007), Tanzanian shilling (down 19%) and the Nigerian naira (down 17%).
But less noticed have been falls against currencies like the Bangladeshi taka (down 22% since June 2007), Tanzanian shilling (down 19%) and the Nigerian naira (down 17%).
In Nigeria, for example, affected farmers have yet to be compensated >50 million Nigerian Naira (>US$ 0.
So, while I am no banker, in my opinion the only way that a monetary union can be achieved is for each regional economic community to align itself with the currency of its strongest member--so Ecowas would adopt the Nigerian naira, Comesa the Egyptian pound and SADC the South African rand (while Francophone countries retain the French franc zone system).