My country's currency (Naira)

Beautiful Entrepreneurs of this group, greetings to you from me, @destinedhanik. I'm glad to be here and I'll be contesting on this post about my country's currency by @sailawana and I hope you get to know a lot about my country and its currency today. • My country is Nigeria.

• It is in West Africa.

• The official language in my country is English.

• Nigeria is often called the giant of Africa due to its vast land and it's huge population and natural resources.

• At least 250 languages is spoken in Nigeria.

• Nigeria's National Motto is Unity and Faith, Peace and Progress.

Nigerian flag

• My country's currency is called naira but in the past, pound was used and then Kobo but they all phased out.

• Currently, the naira is made into different notes or denominations, ranging from the least which is five naira, ten naira, twenty naira, fifty naira, hundred naira, two hundred naira, five hundred naira and then the highest currency which is a thousand naira.

Five hundred naira

A thousand naira

The smallest amount of currency in my country is five naira and that is not even up to the price of 1 Steem. Five naira is equivalent to 0.017 Steem. Currently, five naira cannot be used to purchase anything in my country, even a cube of sugar or a piece of sweet.

The Highest currency in my country is one thousand naira. In the past, one thousand could be used to purchase a lot of things but currently, one thousand can't purchase anything valuable but can only be used to purchase trivial things.
One thousand is equivalent to the price of 3.4 Steem.

One can make transactions involving the highest denomination in my country using cash, also debit or credit card, even bank transfer.

There are so many goods one can buy with one thousand naira note and above example a bathing soap like the one I use which Currently cost a thousand, six hundred and fifty naira which is equivalent to 5.714 Steem price. One can purchase a body roll on which is currently a thousand, eight hundred naira which is equivalent to the price of 6.23 steem.

Things like these can be gotten with the highest denomination

Weaving my hair costs a thousand naira which is the highest denomination.

I love my country's currency but my country's currency has seriously lost its value. This is why even if you are with as much as 100,000, which is equivalent to the price of 346 Steem price, it can't fetch you much. The devaluation of the naira has really made life difficult for Nigerians. • I love my country's currency because without it, I wouldn't be able to purchase things. • I love my country's currency because I see it as what belongs to me as a citizen.

I show love for the currency by not abusing it and being patriotic with it. I do not write on it or tear it. I handle it with care and also reprimand others when they abuse it or do the wrong things with it.

I am still hoping that some day, my country's currency will be able to meet up with other country's currency but for now, while we wait and work towards it, we have to love our country's currency and appreciate it. I hope you learnt a lot about my country's currency.