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March 2024 MPC Press Briefing
Press briefing of the 294th meeting of the Monetary Policy Committee (MPC) on Tuesday, March 26, 2024.
Central Bank of Nigeria
| Facts : 1/16/2006 |
|---|
| The Cowry:The Cowry has, for centuries, served our people as an important form of currency. In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag". In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds. |
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