Convert Peruvian Nuevo Sol to Nigerian Naira
Please provide values below to convert Peruvian Nuevo Sol [PEN] to Nigerian Naira [NGN], or Convert Nigerian Naira to Peruvian Nuevo Sol.
How to Convert Peruvian Nuevo Sol to Nigerian Naira
1 PEN = 0.00232422634072229 NGN
Example: convert 15 PEN to NGN:
15 PEN = 15 × 0.00232422634072229 NGN = 0.0348633951108344 NGN
Peruvian Nuevo Sol to Nigerian Naira Conversion Table
| Peruvian Nuevo Sol | Nigerian Naira |
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Peruvian Nuevo Sol
The Peruvian Nuevo Sol (PEN) is the official currency of Peru, used for all monetary transactions within the country.
History/Origin
Introduced in 1991 to replace the Peruvian Sol, the Nuevo Sol was established to stabilize the economy and control inflation. It has undergone several reforms and is now the stable currency of Peru.
Current Use
The Nuevo Sol is widely used in everyday transactions, banking, and financial markets in Peru. It is subdivided into 100 céntimos and remains the country's primary legal tender.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.