Africa’s first currency museum opens in Nigeria

 

Lagos, Nigeria (PANA) - The first currency museum in Africa has been commissione d in Abuja, the Nigerian capital, as part of activities marking the 50th anniversary of the Central Bank of Nigeria (CBN).

The museum contained the pictures of past CBN Governors, old Nigerian and other world currencies, money and barter system in transactions, cowries, brass and cooper as well as other materials used in making coins.

CBN Governor Chukwuma Soludo, who described the currency museum as the first of its kind in Africa, noted that it (museum) was an archival description of the nation’s monetary experience in the past.

He said the museum would serve to preserve financial materials that would be ben eficial to future generations, and that it was set up to remind Nigerians that the use of legal tender or money did not begin with the issuance of the first currency by the CBN in 1959.

The bank started with the issuance of the Nigerian Pound and Shilling as the nat ional currency, which later was changed to Naira and Kobo in 1973.
 
Lagos - 07/05/2009
 
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