1 NGN to BEF Belgian Franc

December 19, 2022 by pkr_to_usd_786

1 NGN to BEF Belgian Franc
Nigeria Naira , The naira (sign: ; code: NGN; Yoruba: nr, Tyap: nera) is the currency of Nigeria. One naira is divided into 100 kobo. The Central Bank of Ni … >>> Find out more from wikipedia. category >>> NGN

1 NGN to BEF Belgian Franc

1 Nigerian Naira ( NGN ) = 0.04910857343917 Belgian Franc (BEF)

1 NGN = 0.04910857343917 BEF

1 BEF = 20.363043150473 NGN

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1 Nigerian Naira ( NGN ) Is equal to 0.04910857343917 Belgian Franc (BEF)
Nigeria Naira
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Nigerian Naira

Nigeria Naira , The naira (sign: ₦; code: NGN; Yoruba: náírá, Tyap: nera) is the currency of Nigeria. One naira is divided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. It controls the volume of money supplied in the economy in order to ensure monetary and price stability. The Currency Operations Department of the CBN is in charge of currency management, through the designs, procurement, distribution and supply, processing, reissue and disposal or disintegration of bank notes and coins. The naira was introduced on 1 January 1973, replacing the Nigerian pound at a rate of £1 = ₦2 naira. The coins of the new currency were the first coins issued by an independent Nigeria, as all circulating coins of the Nigerian pound were all struck by the colonial government of the Federation of Nigeria in 1959, with the name of Queen Elizabeth II on the obverse. This also made Nigeria the last country in the world to abandon the £sd currency system in favour of a decimal currency system. There was a government plan to redenominate the naira at 100:1 in 2008, but the plan was suspended. The currency sign is U+20A6 ₦ NAIRA SIGN. The name "Naira" was coined from the word "Nigeria" by Obafemi Awolowo. However, Naira as a currency was launched by Shehu Shagari as minister of finance in 1973. The Central Bank of Nigeria claimed that they attempted to control the annual inflation rate below 10%. In 2011, the CBN increased key interest rate six times, rising from 6.25% to 12%. On 31 January 2012, the CBN decided to maintain the key interest rate at 12%, in order to reduce the impact of inflation due to reduction in fuel subsidies. As of 20 June 2016, the naira was allowed to float, after being pegged at ₦197 to US$1 for several months. Trades speculated the natural range of the naira would be between ₦280 and ₦350 to the dollar. In October 2021, the eNaira, the digital version of the state currency, is officially launched in Nigeria. Find out more from wikipedia

Belgian Franc

The Belgian franc (Dutch: Belgische frank, French: Franc belge, German: Belgischer Franken) was the currency of the Kingdom of Belgium from 1832 until 2002 when the Euro was introduced. It was subdivided into 100 subunits, known as centiem (Dutch), centimes (French) or Centime (German). The conquest of most of western Europe by revolutionary and Napoleonic France led to the French franc's wide circulation. In the Austrian Netherlands (the current Belgium), the franc replaced the kronenthaler. This was in turn replaced by the Dutch guilder when the United Kingdom of the Netherlands was formed. Following independence from the Kingdom of the Netherlands, the new Kingdom of Belgium in 1832 adopted its own franc, equivalent to the French franc, followed by Luxembourg in 1848 and Switzerland in 1850. Belgian mint working during the late 19th century was innovative and Belgium was the first country to introduce coins made of cupronickel, in 1860 . In 1865, Belgium, France, Switzerland and Italy created the Latin Monetary Union (to be joined by Greece in 1868): each would possess a national currency unit (franc, lira, drachma) worth 4.5 g of silver or 290.322 mg of fine gold, all freely exchangeable at a rate of 1:1. In the 1870s the gold value was made the fixed standard, a situation which was to continue until 1914. In 1926, Belgium, as well as France, experienced depreciation and an abrupt collapse of confidence, leading to the introduction of a new gold currency for international transactions, the Belga worth 5 francs, and the country's withdrawal from the monetary union, which ceased to exist at the end of the year. The Belga was tied to the British pound at a rate of 35 belgas (175 francs) = 1 pound and was thus put on a gold standard of 1 Belga = 209.211 mg fine gold. The 1921 monetary union of Belgium and Luxembourg survived, however, forming the basis for full economic union in 1932. In 1935, the Belgian franc was devalued by 28% to 150.632 mg fine gold and the link between the Luxembourg and Belgian francs was revised to 1 Luxembourgish franc = 1+1⁄4 Belgian francs. Following Belgium's occupation by Germany in May 1940, the franc was fixed at a value of 0.1 Reichsmark, reduced to 0.08 Reichsmark in July 1940. Following liberation in 1944, the franc entered into the Bretton Woods system, with an initial exchange rate of 43.77 francs = US dollar set on 5 October. This was changed to 43.8275 in 1946 and then to 50 following the devaluation of the British pound in September 1949. The Belgian franc was devaluated again in 1982. Like 10 other European currencies, the Belgian/Luxembourgish franc ceased to exist on 1 January 1999, when it became fixed at 1 EUR= 40.3399 BEF/LUF, thus a franc was worth €0.024789. Old franc coins and notes lost their legal tender status on 28 February 2002. Between 1832 and 1834, copper 1, 2, 5 and 10 centime, silver 1⁄4, 1⁄2, 1, 2 and 5 franc, and gold 20 and 40 franc coins were introduced. Some of the early 1 and 2 centimes were struck over Dutch 1⁄2 and 1 cent coins. The 40 franc was not issued after 1841, whilst silver 2+1⁄2 francs and gold 10 and 25 francs were issued between 1848 and 1850. Silver 20 centimes replaced the 1⁄4 franc in 1852. In 1860, cupro-nickel 20 centimes were introduced, followed by cupro-nickel 5 and 10 centimes in 1861. The silver 5 franc was discontinued in 1876. Between 1901 and 1908, holed, cupro-nickel 5, 10 and 25 centime coins were introduced.[citation needed] In 1914, production of the 1 centime and all silver and gold coins ceased. Zinc 5, 10 and 25 centimes were introduced in the German occupied zone, followed by holed, zinc 50 centimes in 1918. Production of 2 centimes ended in 1919. In 1922 and 1923, nickel 50 centime and 1 and 2 franc coins were introduced bearing the text "Good For" ("Bon pour" in French, "Goed Voor" in Dutch). These featured the god Mercury. Nickel-brass replaced cupro-nickel in the 5 and 10 centimes in 1930, followed by the 25 centime in 1938. Nickel 5 and 20 francs were introduced in 1930 and 1931, respectively, followed by silver 20 francs in 1933 and 50 francs in 1939. In 1938 the 5 franc was reduced in size and redesigned along with the 1 franc to depict a lion and heraldic arms. As a consequence of the German occupation in 1940, the silver coinage was discontinued. In 1941, zinc replaced all other metals in the 5, 10 and 25 centimes, and 1 and 5 francs. In 1944 the Allies minted 25 million 2 franc coins at the Philadelphia Mint using leftover planchets for the 1943 steel cent. In 1948, cupro-nickel 5 francs and silver 50 and 100 francs were produced, followed by silver 20 francs in 1949 and cupro-nickel 1 franc in 1950. These coins depicted classical allegoric figures. Bronze 20 and 50 centimes featuring a miner and lantern were minted in 1952. Despite the widely varied dates these coins were issued into circulation only a few years apart as part of a broader currency reform. The silver coinage ceased production after 1955. Cupro-nickel 25 centime coins replaced the 20 centime in 1964. The 25 centime coins were later discontinued in 1975. Nickel 10 francs depicting King Baudouin were introduced in 1969 (only struck until 1979), followed by nickel-bronze 20 francs in 1980 and nickel 50 francs in 1987, all of which - bar the 10 Franc coin - replaced the corresponding banknotes. Aluminium-bronze replaced cupro-nickel in the 5 franc in 1986, whilst nickel-plated iron replaced cupro-nickel in the 1 franc in 1988, which was also significantly reduced in size. These changes coincided with a gradual modernization of the general coinage while older issues were gradually pulled from circulation, similar to what took place during the early postwar years. The new designs were also more identifiable to vending machines and the visually impaired. 1994 saw a redesign of all denominations but the 50 centimes, with a uniform design featuring King Albert II replacing the image of Baudouin. This series ceased production after 2000.
Find out more from wikipedia

Convertion Chart NGN to BEF
NGN		BEF


5 NGN	=	0.2455 BEF
10 NGN	=	0.4911 BEF
15 NGN	=	0.7366 BEF
20 NGN	=	0.9822 BEF
25 NGN	=	1.2277 BEF
30 NGN	=	1.4733 BEF
35 NGN	=	1.7188 BEF
40 NGN	=	1.9643 BEF
45 NGN	=	2.2099 BEF
50 NGN	=	2.4554 BEF
55 NGN	=	2.701 BEF
60 NGN	=	2.9465 BEF
65 NGN	=	3.1921 BEF
70 NGN	=	3.4376 BEF
75 NGN	=	3.6831 BEF
80 NGN	=	3.9287 BEF
85 NGN	=	4.1742 BEF
90 NGN	=	4.4198 BEF
95 NGN	=	4.6653 BEF
100 NGN	=	4.9109 BEF
105 NGN	=	5.1564 BEF
110 NGN	=	5.4019 BEF
115 NGN	=	5.6475 BEF
120 NGN	=	5.893 BEF
125 NGN	=	6.1386 BEF
130 NGN	=	6.3841 BEF
135 NGN	=	6.6297 BEF
140 NGN	=	6.8752 BEF
145 NGN	=	7.1207 BEF
150 NGN	=	7.3663 BEF
155 NGN	=	7.6118 BEF
160 NGN	=	7.8574 BEF
165 NGN	=	8.1029 BEF
170 NGN	=	8.3485 BEF
175 NGN	=	8.594 BEF
180 NGN	=	8.8395 BEF
185 NGN	=	9.0851 BEF
190 NGN	=	9.3306 BEF
195 NGN	=	9.5762 BEF
200 NGN	=	9.8217 BEF
205 NGN	=	10.0673 BEF
210 NGN	=	10.3128 BEF
215 NGN	=	10.5583 BEF
220 NGN	=	10.8039 BEF
225 NGN	=	11.0494 BEF
230 NGN	=	11.295 BEF
235 NGN	=	11.5405 BEF
240 NGN	=	11.7861 BEF
245 NGN	=	12.0316 BEF
250 NGN	=	12.2771 BEF
255 NGN	=	12.5227 BEF
260 NGN	=	12.7682 BEF
265 NGN	=	13.0138 BEF
270 NGN	=	13.2593 BEF
275 NGN	=	13.5049 BEF
280 NGN	=	13.7504 BEF
285 NGN	=	13.9959 BEF
290 NGN	=	14.2415 BEF
295 NGN	=	14.487 BEF
300 NGN	=	14.7326 BEF
305 NGN	=	14.9781 BEF
310 NGN	=	15.2237 BEF
315 NGN	=	15.4692 BEF
320 NGN	=	15.7147 BEF
325 NGN	=	15.9603 BEF
330 NGN	=	16.2058 BEF
335 NGN	=	16.4514 BEF
340 NGN	=	16.6969 BEF
345 NGN	=	16.9425 BEF
350 NGN	=	17.188 BEF
355 NGN	=	17.4335 BEF
360 NGN	=	17.6791 BEF
365 NGN	=	17.9246 BEF
370 NGN	=	18.1702 BEF
375 NGN	=	18.4157 BEF
380 NGN	=	18.6613 BEF
385 NGN	=	18.9068 BEF
390 NGN	=	19.1523 BEF
395 NGN	=	19.3979 BEF
400 NGN	=	19.6434 BEF
405 NGN	=	19.889 BEF
410 NGN	=	20.1345 BEF
415 NGN	=	20.3801 BEF
420 NGN	=	20.6256 BEF
425 NGN	=	20.8711 BEF
430 NGN	=	21.1167 BEF
435 NGN	=	21.3622 BEF
440 NGN	=	21.6078 BEF
445 NGN	=	21.8533 BEF
450 NGN	=	22.0989 BEF
455 NGN	=	22.3444 BEF
460 NGN	=	22.5899 BEF
465 NGN	=	22.8355 BEF
470 NGN	=	23.081 BEF
475 NGN	=	23.3266 BEF
480 NGN	=	23.5721 BEF
485 NGN	=	23.8177 BEF
490 NGN	=	24.0632 BEF
495 NGN	=	24.3087 BEF
500 NGN	=	24.5543 BEF

Convertion Chart BEF to NGN
Belgian Franc		NGN


5 BEF	=	101.8152 NGN
10 BEF	=	203.6304 NGN
15 BEF	=	305.4456 NGN
20 BEF	=	407.2609 NGN
25 BEF	=	509.0761 NGN
30 BEF	=	610.8913 NGN
35 BEF	=	712.7065 NGN
40 BEF	=	814.5217 NGN
45 BEF	=	916.3369 NGN
50 BEF	=	1018.1522 NGN
55 BEF	=	1119.9674 NGN
60 BEF	=	1221.7826 NGN
65 BEF	=	1323.5978 NGN
70 BEF	=	1425.413 NGN
75 BEF	=	1527.2282 NGN
80 BEF	=	1629.0435 NGN
85 BEF	=	1730.8587 NGN
90 BEF	=	1832.6739 NGN
95 BEF	=	1934.4891 NGN
100 BEF	=	2036.3043 NGN
105 BEF	=	2138.1195 NGN
110 BEF	=	2239.9347 NGN
115 BEF	=	2341.75 NGN
120 BEF	=	2443.5652 NGN
125 BEF	=	2545.3804 NGN
130 BEF	=	2647.1956 NGN
135 BEF	=	2749.0108 NGN
140 BEF	=	2850.826 NGN
145 BEF	=	2952.6413 NGN
150 BEF	=	3054.4565 NGN
155 BEF	=	3156.2717 NGN
160 BEF	=	3258.0869 NGN
165 BEF	=	3359.9021 NGN
170 BEF	=	3461.7173 NGN
175 BEF	=	3563.5326 NGN
180 BEF	=	3665.3478 NGN
185 BEF	=	3767.163 NGN
190 BEF	=	3868.9782 NGN
195 BEF	=	3970.7934 NGN
200 BEF	=	4072.6086 NGN
205 BEF	=	4174.4238 NGN
210 BEF	=	4276.2391 NGN
215 BEF	=	4378.0543 NGN
220 BEF	=	4479.8695 NGN
225 BEF	=	4581.6847 NGN
230 BEF	=	4683.4999 NGN
235 BEF	=	4785.3151 NGN
240 BEF	=	4887.1304 NGN
245 BEF	=	4988.9456 NGN
250 BEF	=	5090.7608 NGN
255 BEF	=	5192.576 NGN
260 BEF	=	5294.3912 NGN
265 BEF	=	5396.2064 NGN
270 BEF	=	5498.0217 NGN
275 BEF	=	5599.8369 NGN
280 BEF	=	5701.6521 NGN
285 BEF	=	5803.4673 NGN
290 BEF	=	5905.2825 NGN
295 BEF	=	6007.0977 NGN
300 BEF	=	6108.9129 NGN
305 BEF	=	6210.7282 NGN
310 BEF	=	6312.5434 NGN
315 BEF	=	6414.3586 NGN
320 BEF	=	6516.1738 NGN
325 BEF	=	6617.989 NGN
330 BEF	=	6719.8042 NGN
335 BEF	=	6821.6195 NGN
340 BEF	=	6923.4347 NGN
345 BEF	=	7025.2499 NGN
350 BEF	=	7127.0651 NGN
355 BEF	=	7228.8803 NGN
360 BEF	=	7330.6955 NGN
365 BEF	=	7432.5107 NGN
370 BEF	=	7534.326 NGN
375 BEF	=	7636.1412 NGN
380 BEF	=	7737.9564 NGN
385 BEF	=	7839.7716 NGN
390 BEF	=	7941.5868 NGN
395 BEF	=	8043.402 NGN
400 BEF	=	8145.2173 NGN
405 BEF	=	8247.0325 NGN
410 BEF	=	8348.8477 NGN
415 BEF	=	8450.6629 NGN
420 BEF	=	8552.4781 NGN
425 BEF	=	8654.2933 NGN
430 BEF	=	8756.1086 NGN
435 BEF	=	8857.9238 NGN
440 BEF	=	8959.739 NGN
445 BEF	=	9061.5542 NGN
450 BEF	=	9163.3694 NGN
455 BEF	=	9265.1846 NGN
460 BEF	=	9366.9998 NGN
465 BEF	=	9468.8151 NGN
470 BEF	=	9570.6303 NGN
475 BEF	=	9672.4455 NGN
480 BEF	=	9774.2607 NGN
485 BEF	=	9876.0759 NGN
490 BEF	=	9977.8911 NGN
495 BEF	=	10079.7064 NGN
500 BEF	=	10181.5216 NGN