a paper money and monetary unit of Nigeria, equal to 100 kobo: replaced the pound in 1973.
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Emefiele has enforced strict currency controls and a multiple exchange rate system aimed at stopping the slide of Nigeria’s currency, the naira.
Nowhere is this clearer than in Nigeria, where the central bank is so worried about Nigerians choosing cryptocurrencies over the naira for overseas remittance payments that it is now paying them to use official channels for those transfers instead.