Historic Arab Emirates Dirham Nigerian Naira

Arab Emirates Dirham nigerian naira history for December 2023. The highest quote for this month is 246.7 (22/12/2023) and the lowest 246.11 (26/12/2023). The difference between high and low is 0.24.

AED NGN average rate for December 2023 is 224.39321, the change between 01/12/2023 and 31/12/2023 is -13.5 %.

01 December 20231 AED = 215.2 NGN
02 December 20231 AED = 214.6 NGN
03 December 20231 AED = 214.5 NGN
04 December 20231 AED = 214.8 NGN
05 December 20231 AED = 217.5 NGN
06 December 20231 AED = 218.5 NGN
07 December 20231 AED = 218.7 NGN
08 December 20231 AED = 218.0 NGN
10 December 20231 AED = 215.2 NGN
11 December 20231 AED = 218.7 NGN
12 December 20231 AED = 216.0 NGN
13 December 20231 AED = 218.4 NGN
14 December 20231 AED = 218.4 NGN
15 December 20231 AED = 215.3 NGN
16 December 20231 AED = 214.9 NGN
17 December 20231 AED = 214.9 NGN
18 December 20231 AED = 218.5 NGN
19 December 20231 AED = 215.0 NGN
20 December 20231 AED = 217.9 NGN
21 December 20231 AED = 224.6 NGN
22 December 20231 AED = 224.7 NGN
23 December 20231 AED = 246.6 NGN
24 December 20231 AED = 245.7 NGN
25 December 20231 AED = 246.1 NGN
26 December 20231 AED = 246.2 NGN
27 December 20231 AED = 246.3 NGN
28 December 20231 AED = 243.8 NGN
29 December 20231 AED = 244.2 NGN

20/03/2020: Impact of COVID-19 Pandemic

The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

20/06/2016: Adoption of Flexible Exchange Rate Policy

The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

29/05/1999: Transition to Democratic Governance

Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

12/06/1993: Introduction of the Third Nigerian Naira

The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.

31/12/1984: Implementation of the Structural Adjustment Program

The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.

01/07/1979: Adoption of the Second Nigerian Naira

The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.
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