How Much Is Dollar To Naira Exchange Rate Today Black Market?

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How Much Is Dollar To Naira Exchange Rate Today Black Market?

The Naira to Dollar exchange rate though pegged at an official rate of N305.5 per $1 had been at what could be described as freefall in the black market.

N362 – buy per $ 1
N364 – sell per $ 1

This rate isn’t encouraging, in fact, many Nigerians now spend more buying less, an act that shouldn’t be. I will be glad if you can bookmark this page for any changes in the dollar rate, save or bookmark the link below

CBN Dollar To Naira Exchange Rate Today: 304.65/305.65 To $1

TOP 10 INTERESTING FACTS ABOUT DOLLARS
We make use of different currency notes now or later. From the dollars to the Euro, Naira, and others. We make use of them to purchase goods ranging from food items and others, paying bills and do other things.

Do you know that there are actually some facts about the dollars you do not know? surprised right, well this article is about to show you a lot you do not know about the dollar. But before we go through with that, let us break down a little history about the dollars.

On April 2, 1792, the United States Congress created the U.S dollars as the standard unit of money for the country. The word dollar is derived from low Saxton cognate of the High German Thaler. Before the use of the paper money, coins were first in use, the most commonly circulated and readily available currency used by common Americans at that time was the Spanish Peso which was also known as the Spanish milled dollars and this was of much value for its high silver content.

In those days gold and silver traded at a ratio that hardly varied over centuries. It was known as a “Bimetallic” System. In time, gold became the central monetary basis rather than silver. Britain used the monometallic system in 1816, the United States wholly adopted this system until 1900.

The first U.S paper dollar was issued in 1875. The sign on the U.S paper dollar ($) has lots of theories. However, there is one which is widely accepted all over, this was according to the Bureau of engraving and printing that the dollars sign goes back to the Spanish Peso. Now below are some interesting facts about the Dollars.

READ  Dollar To Naira Exchange Rate Today Black Market
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