to various reasons. It was known as a Bimetallic System. Talk about things such as electrical appliances, cars, furniture etc. But before we go through with that, let us break down a little history about the dollars. Martha Washington Americas first lady once graced the 1 silver certificate. Excessive looting The Nigerian state is being robbed blind by corrupt politicians. The Dollar exchanged for about 160 naira. The site has had over 270 million bills entered. Our love for everything foreign has made the dollar gain so much ground against the Naira. Governmental policies The policies have been made by the Government had been a reason.
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Dollar to naira calculator (1usd to ngn). Convert United currency market trading time in india States, dollar (USD) To Nigerian Naira(NGN uSD, nGN, uSD, nGN 1 USD 362.17 NGN.00276 USD 1 NGN 2 USD 724.34 NGN.00552 USD 2 NGN.85 NGN.01381 USD 5 NGN.7 NGN.02761 USD 10 NGN.55 NGN.04142 USD 15 NGN.4 NGN.05522. 2017 it jumped to 300 naira per dollar. See All: Facts Events. This among other reason had been the reason Naira is depreciating against the dollar. The result of such high exchange rate for the dollar is that Nigerians spend so much to buy so little, especially when it comes to foreign or imported goods. We make use of them to purchase goods ranging from food items and others, paying bills and do other things. 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. In conclusion to How Much Is Dollar To Naira Exchange Rate Today Black Market, I would like both the citizens and the Government to give a helping hand to the Naira before it becomes an object of ridicule like the Zimbabwe currency. The bacteria on them could cause an infection like Pneumonia and other infections.