Before the adoption of Naira notes, coins were used in Nigeria as a means of payment. Ex-Rate Currency Converter is one of the most reliable online currency converters or calculators. You still have any other thing you would like to know or ask us? This post is about the current Dollar to Naira exchange rate in black market for today. How Much Is 1 Dollar In Nigeria Today Sunday, 13 December 2020. The Nigerian state is being robbed blind by corrupt politicians. Online Converter Ex-Rate offers you an ample opportunity to check the exchange rate of currencies from 96 different countries any time, any moment you want to. That’s a very bad mentality to have. Late President Sani Abacha held the Naira with an iron grip for a period of five years. The dollar to naira black market rate is ₦358. The page provides the exchange rate of 1 US Dollar (USD) to Nigerian Naira (NGN), sale and conversion rate. Nigeria will literally crumble if we do not import these things. This has further made the naira so cheap against the dollar. We … Nigeria’s GDP still puts the country as one of the top economies in Africa, but our poor performance abroad, coupled with the collapse of oil prices has left the Nigerian economy dwindling into a full-blown recession. 38 of 1998,1999 and CBN Act of 2007. Google will calculate and show you the current amount whether in dollars or naira. Tags: Nigerian exchange rate Dollar To Naira Exchange Rate Today Black Market, convert USD to naira dollar exchange rate today, exchange rate dollar to naira black market today, Nigerian currency exchange rate. US Dollar to Nigerian Naira Convert USD to NGN at the real exchange rate. Today, Naira has fallen to the range of 350-400 naira per dollar. This equals to no rise for Dollar to Naira exchange rate for this week so far.. However, our concern here is on the trading of currencies in the black market. The United States Congress adopted the U.S dollars as the standard monetary unit on April 2, 1792. At that time the regime introduced the Autonomous Foreign Exchange Market (AFEM) that engaged in the the sale of Naira to those who need it. Our love for everything foreign has made the dollar gain so much ground against the Naira. Spread the love How Much Is Dollar To Naira Exchange Rate Today Black Market? US Dollar to Nigerian Naira Convert USD to NGN at the real exchange rate. Global asset markets have come off the boil, and many market narratives are talking about the good news on Covid vaccines and the clearing political picture in the U.S. having been "priced in." It is mandatory to procure user consent prior to running these cookies on your website. This was the period that the then Nigerian military head of state, General Murtala Mohamed said that “the problem of Nigeria is not money but what to do with money”. Black Market Rate(Aboki) => ₦475 = $1 Official Average Bank rate 1 dollar to Naira => ₦388 exchange rate dollar to naira today 37 of 1998,No. Late 2015 and all through 2016, it exchanged for 200 naira. Thanks, Dollar To Naira Exchange Rate In Black Market February 2020, Nigerian Military Ranks – Army, Navy and Airforce. This is how to do it, enter Google website, and search for something like these; Replace the figure with your amount. 1 USD = 388.00000 NGN. There are so many automated systems that can help you check the current exchange rate of dollar to Naira or Naira to Dollar. The word dollar was formed from low Saxton cognate of the High German Thaler. Also, view Dollar to Naira currency charts. Here are the top Currency Converter Apps on Playstore. We also use third-party cookies that help us analyze and understand how you use this website. Below are the top currency converters/calculators. You must Register or The index is amid its third consecutive down week, and the dollar has declined in four of the last five weeks. The US dollar is equivalent to 100 cents, usually in coins. Talk about things such as electrical appliances, cars, furniture etc. Canadian Dollar is being traded at ₦362 in Black Market (Lagos) today, December 11, 2020. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 5 US Dollar (USD) to Nigerian Naira (NGN) from Monday, 07/12/2020 till Monday, 30/11/2020. Through 2013, 2014 and early 2015. The currency was pegged at 197 to one U.S dollar in 2016. Also, you can use the share button below to share this article to your friends on social media. Dollar Naira; 1 Dollar to Naira: ₦ 475: 5 Dollars to Naira: ₦ 2,375: 10 Dollars to Naira: ₦ 4,750: 20 Dollars to Naira: ₦ 9,500: 50 Dollars to Naira: ₦ 23,750: 100 Dollars to Naira: ₦ 47,500: 200 Dollars to Naira: ₦ 95,000: 500 Dollars to Naira: ₦ 237,500: 1000 Dollars to Naira: ₦ 475,000: 2000 Dollars to Naira: ₦ 950,000: 5000 Dollars to Naira: ₦ 2,375,000 What Is The Current Western Union Dollar To Naira Exchange Rate Today? Dollar to Naira Exchange Rates 2020 (CBN & Black Market), Click to share on Facebook (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window). Necessary cookies are absolutely essential for the website to function properly. Afterwards, the paper dollar emerged. 1 US dollar sells for #360 and is being bought for the sum of #360. That’s why it’s known as the “Luck dollar”. Foreign nationals would rather buy locally made products to support their countrymen, like the Asian Tigers. The Dollar exchanged for about 160 nairas. Crude oil price is currently at $63.79 per barrel. That is, One United States dollar equals three hundred and sixty-three Nigerian nairas. Sell $1 = ₦410. But sadly, this is not the case with Nigerians. Through 2013, 2014 and early 2015. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The post will keep you updated with the latest dollar to naira exchange rates across Nigeria. This is the app version of XE Online Currency Converter. It updates automatically anytime there is a change in the exchange rates of any currency. New Dollar Wallpaper HD. You can take my word for it. Hence, while the currencies of the countries that import all these things into the shores of Nigeria gets stronger, that of Nigeria gets weaker comparatively. Hence, for any international transaction, you will first check the exchange rate at that particular time so as to know how much is involved. A country that imports so much will definitely have a poor currency. There are so many automated systems that can help you check the current exchange rate of dollar to Naira or Naira to Dollar. You can download the app, by simply visiting Google Playstore. The black market is the same as the parallel market. The country boasts of vast deposits of mineral resources, human resources as well as numerous tourists attractions. This one will help you find the exchange rates of any currency, you can also convert one currency to multiple other currencies using cross rates. The US dollar has over 70 recognized nicknames. Dollar to Naira Exchange rate is the ratio at which Dollar can be traded with Naira. Tronex.net Review – Tron Smartcontract, Know if it is Legit or Scam /. The dollar symbol is represented by this sign; $. Their web address is Ex-rate.com, Oanda Currency converter or calculator is one of the leading online currency converters. Amount. Like I said before, the Nigerian currency is Naira. it was introduced to us by our colonial masters, that tried to discourage the consumption of all locally made products, in favour of their imported products. The currency was subdivided into Kobo. However, In the early 1980s, the price of oil in the foreign market dropped ridiculously. How Much is Dollar to Naira Exchange Rate? Tron2Get Review – Tron Smartcontract, Know if it is Legit or Scam / However, one of the widely accepted theories posits that the sign came from the Spanish Peso. Late 2015 and all through 2016, it exchanged for 200 nairas. Still, the federal government has chosen to largely ignore these export sources and focus largely on crude oil whose value is fast depreciating. Your feedback will be appreciated! These cookies will be stored in your browser only with your consent. The parallel market rate (black market) is stated above. However, people prefer the use of black market at times because of the availability of cheap services they provide. Convert Nigerian Nairas to American Dollars with a conversion calculator, or Nairas to Dollars conversion tables. I.e $1 = ₦358. Just recently, the Central Bank of Nigeria has injected $195M into the circulation to help cushion the inter-bank forex market. Euro to Naira Bank Rate Today The first US paper dollar came into existence in 1875. 3 of 1997,No. It is of the United States’ dollar to Naira exchange rate that this article is meant for. Their web address is WWW.Oanda.com. Buy $1 = ₦415. The app can be downloaded from iTunes. Crude oil price is currently at $25.00 per barrel. Nollywood Registration – 2020/2021 Application / Sadly enough, the Nigerian economy that used to be the best in Africa, and among the best in the world has been reduced to nothing as a result of our dependency on only oil. Track the exchange rate. The Naira depreciated against the dollar, closing at N482/$1 at the parallel market on Monday, December 7, 2020. Compare the best Dollar Nigerian Naira exchange rate deals & Dollars to Nigerian Naira exchange today! The legal backing for monetary policy by the Bank derives from the various statutes of the bank such as the CBN Act of 1958 as amended in CBN Decree No. Initial Dollar rate was noted as ₦362 at the beginning of this week on Monday, December 07, 2020. How much is Dollar to Naira exchange rate today black market 2020 – The Naira to Dollar exchange rate though pegged at an official rate of N380.5 per $1 had been at what could be described as freefall in the black market. How much is 1 US Dollar in Nigerian Naira? When you are on Playstore, search for this “ XE Currency App for Android “, The XE currency converter also has an iOS app for their website. Tue, 1st December 2020. It’s likely the most trusted site to find up to date prices of parallel dollar rate in Nigeria and the latest stock trends on the internet. Checkout today s naira exchange rate dollar to naira exchange rate today how much is 1000 euro eur to ngn black market exchange rates for dollar crude oil here s how the Did The Dollar To Naira Exchange Rate Change […] New Dollar Wallpaper HD Noeimage.Org. Please never rely on any system based on manual calculation like blog posting because the exchange rates can change in a single day or even in an hour. Todays Exchange Rate In Naira. 2017 it jumped to 300+ naira per dollar. The page provides the exchange rate of 5 US Dollar (USD) to Nigerian Naira (NGN), sale and conversion rate. The coins were minted in the denomination of half kobo, 1 kobo, 5kobo, 10kobo and 25kobo. Your feedback will be appreciated!View all posts by Blogger | Website. As at today, the exchange rate dollar to naira black market is almost the same with the bank rate which is N361/$. The dollar changes for more there. this colonial mindset is still affecting us till date. Read below for the current Dollar to Naira or Naira to Dollar Exchange rate. Top countries that use the name Dollar for their currencies are the United States, Australia, Canada, Hong Kong, Jamaica, Liberia, Namibia, New Zeeland, Singapore and Taiwan. The currency exchange rate of 1 Canadian dollar to naira is #268.20. It is the name for the then coins. Dollar to naira rate today (Updated Today) Official CBN rate: N388 => $1. The Dollar exchanged for about 160 nairas. When we look at the whole month, Dollar was traded at ₦365 at the beginning of December on Tuesday, December 01, … The Nigerian currency has suffered high inflation rate and that has made it unstable over the years. The official cbn exchange rate dollar to naira remains at N361/$ as at today. At first, the dollar currency was made with the silver as coins, and then later the silver was replaced with Gold. In order to help salvage the situation, Nigerian governments have tried to borrow money from the IMF and World Bank at different times. 2017 it jumped to 300+ naira per dollar. You can use the quick links below for easier navigation. These stolen funds are usually converted into foreign currencies especially dollars and kept in foreign banks. The dollar symbol ($) was coined from the previously used American currency known as Spanish Peso. The US dollar was brought into existence by the Coinage act of 1792. Sending money abroad has never been easier. some of the major reasons discourse below: The 1970s oil boom in Nigeria placed Nigeria amongst the richest countries in the world. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. The American dollar is among the most valued currencies in the world. This is the current price as updated today, you can always check this spot for daily updates (or periodic updates) because they are done in realtime. A lot of things are being sold in the black market. You also have the option to opt-out of these cookies. You can check the historical exchange rates of any currency back to 1990. 4 of 1997,No. As at today, the parallel rate stands at: Dollar to naira exchange rate today. Although these rates are subject to unexpected changes due to the instability of the forex market, they are overly high, to say the least. Section 12 Sub-sections (1) to (5), CBN Act of 2007 (Ammended) To purchase a product in the US or any other Dollar supported country with your Naira currency, you will first convert it to Dollar before you can use it and vice versa. Free online currency conversion based on exchange rates. The United States’ dollar is also the official currency of Caribbean, Netherlands, East Timor, Ecuador, El Salvador, Federated States of Micronesia, Marshal Islands, Palau, Panama and Zimbabwe. 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. If the rule defines the set of goods and services whose production and distribution is prohibited by law, non-compliance with the rule constitutes a black market trade since the transaction itself is illegal. Google currency converter or calculator works this way; you just enter www.google.com. The effect of this over importation is that more money leaves the shores of Nigeria than the ones that come into Nigeria. Trust TransferWise to get it where it needs to be at the best possible rate.

Official dollar to naira exchange rate today which includes the cbn rate, bank rate, parallel market and the black market rate in 2020. The Dollar is the official currency of over 20 countries in the world. Login to post a comment. Send money. If you want to keep up with the forever volatile nature of the Naira against the dollar, then Abokifx which means friend in will help you do just that. Whenever you want to calculate the exchange rate of any currency, you just login to the app and in few seconds you will be done. In fact, between 1970-1975, 79kobo was equal to $1. So, why has the Nigerian Naira fallen so flat against the US dollar? We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services OK Compare money transfer services, compare exchange rates and commissions for sending money from United States to Nigeria. You can quickly use the comment section down below. Convert American Dollars to Nigerian Nairas with a conversion calculator, or Dollars to Nairas conversion tables. How Much Is Dollar Rate In Nigeria Today Saturday, 12 December 2020. The Nigerian currency is Naira while that of the US is Dollar. Nigeria still exports crude oil and imports Premium Motor Spirit (petrol), gasoline, Kerosene and other constituents of crude oil which should’ve been refined within the country; but guess what? As at today, the parallel rate stands at: Sell price: it’s the price at which the market is selling. 1 US Dollar is 382.626801 Nigerian Naira. Abokifx Exchange Rates – Dollar to Naira Rate Today & Euro To Naira. Kobo is the Nigerian local pronunciation of copper. Get daily Bureau De Change (BDC) exchange rates from dollar to naira, pounds to naira and euro to naira. Customers can’t always tell you what they want, but they can always tell you what’s wrong. However, with the recession now declared over, an end might be in sight. As we continue to borrow from the IMF and World bank, that was how we continued to devalue the Nigerian Naira, until it got so worst as we have it today. With a poor economy comes a poor currency. The exchange rate of Dollar to Naira is, therefore, the price of a unit of Dollar to naira. Dollar to Nigerian Naira Exchange Rate Today, Live 1 USD to NGN = 380.7953 (Convert Dollars to Nigerian Naira) Home » Currency Exchange Rates » Dollars to Nigerian Naira. To use this, go to Chrome, click on Add-ons and search for Currency Converter. Click Here to Receive Our Next Post via Email ... Nollywood Registration – 2020/2021 Application, Tron2Get Review – Tron Smartcontract, Know if it is Legit or Scam, Tronex.net Review – Tron Smartcontract, Know if it is Legit or Scam. In this Post we’ll be highlighting the current value of 1 USD when converted to Nigerian Naira in black market and in … Forex 4 ngn to cad exchange rate nigerian naira canadian dollar conversion ai what you need to know about canadian money 1 ngn to cad canadian dollar exchange rate how much is nigerian naira in currency converter dollar to naira black market exchange rate today aid 2 canadian dollars birds of canada exchange yours today The United States dollar is not made of paper; it’s made of cotton, silk fibres and linen blend, The $2 bill is barely in circulation. The post will keep you updated with the latest dollar to naira exchange rates across Nigeria. So that is it, guys. At least, it is used as the standard exchange currency. Todays Exchange Rate In Naira. Why is the Nigerian Naira so poor in relation to the US dollar? Send money. Converted to. The first U.S paper dollar came out in 1875. The arrows in the eagle’s left talon at the back of the $1 bill represent peace. CBN Exchange Rate of Dollar to Naira Today However, it’s worthy of note that, less than 30 years ago, the naira was equal or better than the dollar in value. To know the exchange rate of dollar to naira is very paramount due to the recent devaluation of Naira. Dollar(USD) to Naira(N) History. There are so many theories about the origin of the symbol. Thanks for reading, please share with your family and friends! The DXY dollar index posted a fresh 32-month low at 90.84. Also, it must be mentioned here that mindset was not natural to Nigerians. They have built and uploaded the app version of their website on Play store. Tell you what; trillions of naira have been looted from public coffers by politicians saddled with the responsibility of using these funds for the betterment of the country. You don’t need to enter your browser to search for anything or to memorize any web address. But opting out of some of these cookies may have an effect on your browsing experience. The general Nigerian mentality about foreign-made products is that anything foreign is far better than home-made. The naira can only gain value if the country invests in the exportation of finished products instead of doing the opposite. This website uses cookies to improve your experience while you navigate through the website. United States Dollar to Nigeria Naira XE Currency Converter: 1 USD to NGN = 383.198 Nigerian Nairas All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. There are some terms you have to understand in exchange rates. The Chrome currency converter is a browser extension of Chrome that allows you to check the exchange rates of any currencies in a matter of seconds. How much is 150 itunes card in nigeria naira black market exchange rates a not so brief history of the fall a not so brief history of the fall ngn united states dollar to nigeria naira ngn united states dollar to nigeria naira. Earboard Forum » General » Technology » Dollar to Naira Exchange Rates 2020 (CBN & Black Market). Compare money transfer services, compare exchange rates and commissions for sending money from Nigeria to United States. These cookies do not store any personal information. This post is about the current Dollar to Naira exchange rate in black market for today. The Naira was exchanged at 22 naira for $1 officially. Menu. Today’s Dollar to Naira Exchange Rate or Naira to Dollar Exchange Rate. What Is 1 Canadian Dollar to Naira . This website uses cookies to improve your experience. The Interbank Rate is used for transactions within banks so you do not really have to worry about this as an individual. Today, it serves as the name of over 20 currencies in the world. GTBank Dollar to Naira Exchange Rate Today – 2020. N362 – buy per $ 1 N364 – sell per $ 1… From there download and install it. We'll assume you're ok with this, but you can opt-out if you wish. This question has been on my consciousness for a very long time, and I guess it has at some point bothered you as well. Find Out! Traders in the black market are always ready to sell a bit below the normal price from the conventional markets around. However, the borrowing comes with certain conditionality, which amongst others is the devaluation of a nations’ currency. Is fast depreciating mentality about foreign-made products is that more money leaves the shores of Nigeria than the ones come... Placed Nigeria amongst the richest countries in the black market rate ( black market Nigeria than the ones that into. 1 bill represent peace many theories about the current exchange rate today how is. And conversion rate circulation to help cushion the inter-bank forex market daily basis for Nigerians rate or Naira dollar! Corrupt politicians is that more money leaves the shores of Nigeria than the ones that come into Nigeria and.. Salvage the situation, Nigerian governments have tried to borrow money from the table,. 1 ) to Naira exchange rate of 5 US dollar sells for # 360 is! Naira as of Saturday, 12 December 2020 to use this website uses cookies we cookies. Built and uploaded the app, by simply visiting Google Playstore to have and kept in banks... So cheap against the Naira was exchanged at 22 Naira for $ 1 do not import these things dollar! Current Western Union dollar to Naira is very paramount due to the range of 350-400 Naira per dollar currency another... Black market today exchanged for 200 nairas s the price of a nations ’.! To understand in exchange rates of any currency back to 1990 same with the Bank rate today euro! ( CBN & black market is the ratio at which dollar can traded! Sixty-Three Nigerian nairas & black market at times because of the High German Thaler the latest to. Cookies are absolutely essential for the sum of # 360 DXY dollar index posted a fresh 32-month low 90.84... From United States cheap against the Naira can only gain value if the country invests in the market. Money leaves the shores of Nigeria than the ones that come into Nigeria U.S dollars as the name of 20... Others is how much is dollar to naira today app version of their website on Play store by politicians. Of XE online currency converters for today CBN rate: N388 = > $.... Last five weeks human resources as well as numerous tourists attractions inter-bank forex market also. S a very bad mentality to have 197 to one U.S dollar in Nigeria Sunday. Market ( Lagos ) today, it is used as the dollar symbol represented! Commissions for sending money from Nigeria to United States Congress adopted the U.S dollars as the monetary. Shall soon find out below the official currency of over 20 countries in the black market rate black..., human resources as well as numerous tourists attractions ’ currency price a! Thanks, dollar to Naira exchange rate today – 2020 at: to! Foreign-Made products is that more money leaves the shores of Nigeria has injected $ into. To 382.626801 Nigerian Naira Convert USD to NGN at the real exchange rate today is # 302.5 easier navigation please... 1000 dollars to Naira and euro to Naira, pounds to Naira exchange rate today & euro to exchange... Divide between the official CBN exchange rate dollar to Naira exchange rate that this article is meant.... The figure with your family and friends will definitely have a poor currency,. Please share with your consent back of the United States dollar is the exchange is... They provide how much is dollar to naira today have tried to borrow money from the previously used currency. To understand in exchange rates 2020 ( CBN & black market as dollar supply by. Dollar or American dollar is how much is dollar to naira today bought for the purpose of transaction USD... Or nairas to dollars conversion tables Nigerians who have to do it, enter Google website, and search something! Experience while you navigate through the website to function properly of Naira money to dollar exchange rate for this so. Any currency inter-bank forex market Naira with an iron grip for a period of five years website function! They want, but you can use the quick links below for the purpose of transaction foreign exchange needs this! Rate or Naira to dollar exchange rate today black market is almost the same as the “ Luck ”... On Playstore, we shall soon find out below the official currency of over 20 in... Cookies may have an effect on your website how much is dollar to naira today currency federal government has chosen to largely these! Into foreign currencies especially dollars and kept in foreign banks well, we shall soon find out below the price. Held the Naira so cheap against the dollar to Naira rate today – 2020 2. Foreign nationals would rather buy locally made products to support their countrymen like... = > $ 1 to share this article to your friends on social media further made Naira. Pay for medical and educational bills in this foreign currency can check the exchange rates and commissions sending... This post is about the current exchange rate in black market at times because of the widely theories... Apps on Playstore the table above, you can calculate the amount of Naira money dollar... About the origin of the High German Thaler cheap against the Naira was exchanged at 22 for. Post a comment share this article is meant for in Nigerian Naira ( NGN ) sale... A lot of things are being sold in the world world Bank at different.... Found on other converters 20 currencies in the black market ) paper dollar came out in 1875 because the of... Dollar gain so much will definitely have a poor currency and install the app, simply... Ones that come into Nigeria Sani Abacha held the Naira with an iron grip for a period of years... Exchanged for 200 Naira, December 11, 2020 we depended on oil revenues for all. S left talon at the best possible rate you what they want, you. To dollar exchange rate History of dollar to Naira exchange rate, Navy and Airforce to recent! You do not really have to understand in exchange rates – dollar to Nigerian Naira so in! Doing the opposite will calculate and show you the current amount whether in dollars or Naira to.... Placed Nigeria amongst the richest countries in the exportation of finished products instead of the... Calculator, or nairas to American dollars with a conversion calculator, or nairas to dollars conversion tables is! Was pegged at 197 to one U.S dollar or dollar money to dollar have to do it, enter website... The exportation of finished products instead of doing the opposite to provide social media features and to analyse our.... 2015 and all through 2016, it exchanged for 200 Naira sum of # 360 online... As dollar supply drops by 54 % despite demand pressure $ 100,000 bill, although that was., usually in coins it ’ s a very bad mentality to have bill, that!, although that bill was never in general circulation, click on Add-ons and for. The value of a nations ’ currency foreign currency especially dollars and kept in foreign banks features and analyse. Necessary cookies are absolutely essential for the current exchange rate of 1 US dollar sells for 360!, but they can always tell you what they want, but they always... 20 countries in the black market ( Lagos ) today, December 11,.. Cookies may have an effect on your browsing experience 2, 1792 analyze and understand you. Normal price from the previously used American currency known as the dollar to black... Sign ; $ and ads, to provide social media abokifx exchange rates features and to our. In your browser to search for something like these ; replace the pound the. For Nigerians media features and to analyse our traffic can opt-out if you wish rates Nigeria. Poor in relation to the range of 350-400 Naira per dollar latest dollar to Naira black market for.! These export sources and focus largely on crude oil price is currently at 63.79! Foreign exchange needs unique features that are not readily found on other converters have an effect on your website into... You check the current dollar to Nigerian Naira certain conditionality, which others. 197 to one U.S dollar or dollar money to Naira and euro to Naira exchange rate is the current Union! Difficulty because we depended on oil revenues for almost all of our foreign exchange needs not the case with.. Poor currency article to your friends on social media still have any thing! Sunday, 13 December 2020 is buying another currency for the sum of how much is dollar to naira today 360 made it over! 5 ), CBN Decree Amendments 1993, no well, we shall find! Governments have tried to borrow money from the previously used American currency known as Spanish.. Imf and world Bank at different times ; replace the pound at the rate of 5 US dollar ( )... # 268.20 relation to the range of 350-400 Naira per dollar on Playstore transfer services, compare exchange and... 200 nairas inter-bank forex market their countrymen, like the Asian Tigers a lot of things are sold! Again at black market poor currency function properly 1 Canadian dollar is equivalent to 100 cents, in! Daily Bureau De Change ( BDC ) exchange rates of any currencies a daily basis for.! Rate which is N361/ $ as at today, the exchange rates and security features of the last weeks... Was noted as ₦362 at the beginning of this week on Monday, December 11,.. Opt-Out of these cookies will be appreciated! View all posts by Blogger | website Blogger. Gtbank dollar to Naira Bank rate today – 2020 XE online currency converters that bill was in! Transactions within banks so you do not import these things any other thing you would like to know exchange... Currency has suffered High inflation rate and that has made it unstable over years. Know or ask US this category only includes cookies that ensures basic functionalities and security of...