According to the AfDB, the funds will be drawn in multiple African currencies that include the Ghanaian Cedi, Nigerian Naira, the Kenyan Shilling, the Zambian Kwacha, the Mozambican Metical and the Tanzanian Shilling.
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:
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.
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).