Britain add nigerias naira list accepted trade currencies
According to the Bank of England and the Central Bank of Nigeria, the following currencies are accepted for trade between the United Kingdom and Nigeria:
British Pounds (GBP): The official currency of the United Kingdom, widely accepted in Nigeria for international trade and transactions.
Nigerian Naira (NGN): The official currency of Nigeria, widely accepted in the UK for international trade and transactions.
Other accepted currencies:
- United States Dollar (USD): Widely accepted in both the UK and Nigeria, often used as a reserve currency in international trade.
- Euro (EUR): Accepted in the UK, particularly in international trade and transactions.
- South African Rand (ZAR): Accepted in Nigeria, particularly in international trade and transactions with South Africa.
- Other major currencies: Other major currencies like the Japanese Yen (JPY), Chinese Renminbi (RMB), and Canadian Dollar (CAD) may also be accepted in certain circumstances, but this is not as common.
Please note that the acceptance of currencies may vary depending on the specific trade, transaction, or financial institution involved. It's always best to check with the relevant parties before conducting a transaction.