Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Currency Exchange Rate Performance Analysis Today. France provides an unlimited guarantee for the convertibility of the CFA franc into euros. Variation against USD: Appreciated 0,41% in the last 30 days.. Devaluated -4,89% in the last year.. In December 2000, Niger qualified for enhanced debt relief under the International Monetary Fund program for Highly Indebted Poor Countries (HIPC) and concluded an agreement with the Fund on a Poverty Reduction … ; The West African CFA Franc Notes: The Nigerien currency notes are made up of 1000, 2000, 5000, 10000 francs. Get Daily Rate Alerts and Trends to your Inbox. "name": "BER" General Currency Info - West African Franc. While the USDXOF spot exchange rate is quoted and exchanged in the same day, the USDXOF forward rate is quoted today but for delivery and payment on a specific future date. © 2020 CNBC LLC. This Euro and West African CFA convertor is up to date with exchange rates from December 8, 2020. Send Money Nigerian Naira to Euro Conversion. Copyright © 2009-20  BEST EXCHANGE RATES PTY LTD ABN 68082714841 All Rights Reserved. All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. Euro Advantages . History. France will always push for multilateralism, French lawmaker says. [ How Much Is One Dollar In Nigeria Currency Saturday, 28 November 2020. Nigeria's … Currency data is 5 minutes delayed, provided for information purposes only and not intended for trading; Bloomberg does not guarantee the accuracy of the data. The CFA Franc is tied to the Euro. And if demand is low, they’ll have to do the opposite and … "position": 1, compare To get a better deal you should follow these 4 simple steps : Use the above Send to West African Franc calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more -   Iran has the world's fourth-largest reserves of oil. The domestic currency in Niger is the West African Franc. The West African CFA franc (French: franc CFA; Portuguese: franco CFA or simply franc, ISO 4217 code: XOF) is the currency of eight independent states in West Africa: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. For card purchases if offered a choice of currencies always select to John Ashbourne, senior emerging markets economist at Capital Economics, told CNBC on Thursday that the lack of impetus for reform is derived as much from institutional inertia and a lack of plausible alternatives as it is from French resistance. The symbol for XOF can be written CFAF. Data is a real-time snapshot *Data is delayed at least 15 minutes. Your Debit/Credit Card provider will charge you 2% from market mid-rate, | The USDXOF spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the XOF. To show Nigerian Nairas and just one other currency click on any other currency. Enter the amount to be converted in the box to the left of the currency and press the "convert" button. The … Currently, the amount of foreign currency is regulated through weekly auctions, while the Central Bank sets the exchange rate. The Nigerian naira is the currency of Nigeria. The Central African CFA franc is of equal value to the West African franc. The nation has a low per capita income and GDP and mostly relies on foreign aid as well as debt relief from the World Bank and IMF. The West African CFA franc (French: franc CFA; Portuguese: franco CFA or simply franc, ISO 4217 code: XOF) is the currency of eight independent states in West Africa: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.These eight countries had a combined population of 105.7 million people in 2014, and a combined GDP of US$128.6 billion (as of 2018). The Currency Operations Department of the CBN is in charge of currency management, through the designs, procurement, distribution/supply, processing, reissue and disposal/disintegration of bank notes and coins. Countries receive many … You might want to consider not to bring to much money. Calls for reform of an African currency bloc, which has its roots in French colonial rule, could prove disruptive for foreign investors, analysts have suggested. "name": "Niger - West African Franc" CHF Kurs Umrechner zu Euro, Dollar; Currency Calculator - Current Exchange Rates; Cotización del Dolar en Argentina; Conversion Euro Dollar - Convertisseur EUR/USD; Convertitore Euro - Dollaro; Indian Rupee (INR) Currency Calculator; Euro Latest Exchange Rates; Aktualny kurs złotego do Euro; Växelkurskalkylator från Svensk krona till Euro; Convertor valutar Euro / Leu; 日本 円→ドル通貨換算機 ; … The Euro is divided into 100 … use a Pre-paid Travel Card. The euro is the second most traded currency in the world behind the US dollar. The largely government-owned Nigerian Security Printing and Minting Company Ltd is in charge of minting the currency, and it operates in Lagos and Abuja. (Photo by Souleymane Ag Anara / AFP) We want to hear from you. Be better informed about Global Currency Markets. However, this drastic move has yet to come to fruition, and experts believe substantial reform is likely to remain elusive in the immediate future. 3 character alphabetic and 3 digit numeric ISO 4217 codes for each country. The naira was introduced on 1 January 1973, replacing the Nigerian pound at a rate of 2 naira = 1 pound. Converted at USD/XOF interbank rate, In Niger the following currency is used: The West African CFA franc (XOF): this currency is devided in 100 Centime. … Nigeria Leaves Monetary Policy Unchanged. Niger Money . Claire Horwood Updated Apr 8, 2020. "@id": "https://bestexchangerates.com/country-guides/", "@type": "ListItem", 1 EUR = 461.121 NGN. Currency country guides for travel and transfers. Symbols and Names Symbols: ₦ Nicknames: none ISO 4217 Code NGN When searching around for information on how to get a good exchange rate when sending money to Niger you need to start with finding out the latest West African Franc exchange rate for foreign transfers also called International Money Transfers (IMTs), which can be very different to the wholesale rate and also to currency exchange rates. Convert 1,000 USD to NGN with the TransferWise Currency Converter. These include Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal, Togo, Cameroon, Central African Republic, Chad, Congo-Brazzaville, Equatorial Guinea and Gabon. We shall not be liable to users or any third party for any damage or loss incurred, monetary or otherwise, directly or … INR 0.01 keyboard_arrow_right. One NGN is 0.0022 EUR and one EUR is 455.2241 NGN. It was introduced in 1999 as the official currency for most eurozone nations. To show Nigerian Nairas and just one other currency click on any other currency. You can recognise the currency by the symbol Fr. Country: Nigeria. *Pegged: 1 EUR = 655.95700 XOF. ; Pricing of oil in US dollars: currencies … NGN Exchange Rates; Central Bank of Nigeria; PHP Philippine Peso Country Philippines Region Asia Sub-Unit 1 ₱ = 100 centavos Symbol ₱ The Philippine peso derived from the Spanish silver coin Real de a Ocho or Spanish dollar, in wide circulation in the Americas and South … In several central African states, the Central African CFA … Niger Currency Converter What is the unit of money in Niger? The Nigerian Naira is the currency in Nigeria (NG, NGA). Without that fixed exchange rate, the smaller country's currency will slide. Last updated: 2020-11-03 19:11 UTC. Currency; Currency Gallery; Legal Tender; Security Features; History of Nigerian Currency; Currency in Circulation. Country Guides | Once your funds are received by the provider the converted XOF amount will be transfered to the recipient account you specify in Niger. When sending money to Niger it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. The use of an initial letter "X" for these purposes is facilitated by the ISO 3166 rule that no official country code beginning with X will ever be assigned. GBP. In several central African states, the Central African CFA franc, which is of equal value to the West African CFA franc, is in circulation. The CFA franc, a key pillar of French influence in its former colonies, encompasses 14 West and Central African nations, and has faced calls for a fundamental overhaul from African leaders. Save money and time by Ordering your West African Franc online from Travelex, you get better rates and can pick They are former French colonies that adopted the CFA franc when France switched to the euro. Compare International Money Transfer FX rates. eur: 0.0112242: sek: 0.115038: gbp: 0.0101604: sgd: 0.0181548: hkd: 0.105250: thb: 0.40824: huf: 4.0008: try: 0.106345: ils: 0.044071: usd: 0.0135751: inr: 1.00000: zar: 0.203287 The XOF franc is characterised as a credible and stable currency, a significant virtue given the experience of most currency-issuing African nations. Currency in Circulation (₦ m) N 2,497,693 - in 10/30/2020: N 2,426,044 - in 9/30/2020: N 2,369,601 - in … Benin … { West Africa's new 'eco' currency sparks division over timetable and euro peg Published Fri, Jan 17 2020 1:16 AM EST Updated Mon, Jan 20 2020 3:55 AM EST Elliot Smith @ElliotSmithCNBC Niger - … All Rights Reserved. See guide: What is a closed currency? These eight countries had a combined population of 105.7 million people in 2014, and a … For the purposes of this list, only currencies that are legal tender, including those used in actual commerce or issued for commemorative purposes, are … If demand for this currency drives the exchange rate up, they’ll need to release more of this foreign currency into the market to meet the demand. Both CFA francs have a fixed exchange rate to … USD/XOF 10 year historic rates & change to 11-Dec-2020 : 541.60. In several central African states the Central African CFA franc (currency code XAF) is in circulation, such as Cameroon - Central African CFA franc. Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much XOF. This currency convertor is up to date with exchange rates from December 10, 2020. The West African CFA Franc Coins: 1 West African CFA Franc is made up of 100 Centimes. "itemListElement": The official money used in Niger is West African CFA Franc. "@id": "https://bestexchangerates.com/country-guides/niger-currency/", The West Africa CFA franc has a fixed rate of exchange with the euro (and previously the French franc) set at 1 euro = 655.957 XOF. There is also no restrictions imposed on both export and import of foreign currencies. Fourteen African nations peg their currency to the euro. Currency includes paper, cotton, or polymer banknotes and metal coins. "The overwhelming importance of French investment, military assistance and development cooperation renders the prospects of an open revolt against the CFA franc arrangement very low.". Enter the amount to be converted in the box to the left of Euro. Of Nigerian currency ; currency Gallery ; legal Tender ; Security Features ; History of Nigerian ;. 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