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LOCAL CURRENCY IN NIGER

Want to know how much is your money worth in Niger? The money used in Niger is called Naira.

The Nigerien Naira is issued and managed by the Central Bank of Nigeria. To find out the current currency exchange rates for Naira to other major currencies of the world, click on foreign currency rates.

Nigerien Currency Information
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The currency used in Niger is called as the Naira. This currency is denoted with the currency sign ? and the ISO 4217 Code for the Nigerien Naira is NGN. The Naira, is the official currency of the Niger . It is divided into 100 smaller units called kobo.

The constitution of Niger provides that the Niger government shall have the power to print the Nigerien Naira and kobo coins to be used as a legal tender in Niger. The Nigerien Naira bank notes and Kobo coins are both designated as "legal tender" in payment of debts.

The Nigerien Naira bill uses the decimal system, consisting of 100 equal units.

The symbol ?, usually written before the numerical amount, is used for the Nigerien Naira.

Currently printed bank notes denominations are 5, 10, 20, 50, 100, 200, 500 & 1000 naira and the coins are minted in the denominations of ½, 1, 5, 10, 25, 50 kobo, 1 & 2 naira .

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The Effect of Balance of Trade and Investment on Nigerien Naira
Financial analysts regularly cite the balance of trade and investment in Niger as the most important influence on the value of the Naira. The difference between what the Niger exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Naira exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Naira exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Nigerien Naira.
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