Convert Jersey Pound to Nigerian Naira
Please provide values below to convert Jersey Pound [JEP] to Nigerian Naira [NGN], or Convert Nigerian Naira to Jersey Pound.
How to Convert Jersey Pound to Nigerian Naira
1 JEP = 0.000483634021990812 NGN
Example: convert 15 JEP to NGN:
15 JEP = 15 × 0.000483634021990812 NGN = 0.00725451032986218 NGN
Jersey Pound to Nigerian Naira Conversion Table
| Jersey Pound | Nigerian Naira |
|---|
Jersey Pound
The Jersey Pound (JEP) is the official currency of Jersey, a British Crown Dependency, used for everyday transactions and financial purposes within the island.
History/Origin
The Jersey Pound was introduced in 1961, replacing the British Pound Sterling in Jersey, and has since been pegged to the British Pound at par, maintaining its value and stability as a local currency.
Current Use
Today, the Jersey Pound is widely used for all local transactions, with banknotes and coins issued specifically for Jersey, and it is accepted alongside the British Pound Sterling within the island.
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.