QQuestionForeign Exchange Management Act
QuestionForeign Exchange Management Act
What currency replaced the British West African pound?
Naira
Cedi
Dalasi
Leone
10 months agoReport content
Answer
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Step 1:I'll solve this problem step by step:
Step 2:: Identify the Context
The question is about currency replacement in British West Africa, specifically asking which currency replaced the British West African pound.
Step 3:: Analyze the Options
The given options are: - Naira - Cedi - Dalasi - Leone
Step 4:: Determine the Correct Answer
The Naira is the currency that replaced the British West African pound in Nigeria. This occurred in 1973 when Nigeria replaced its previous colonial currency with its own national currency.
Step 5:: Verify the Historical Context
- The British West African pound was used in British colonial territories in West Africa - Nigeria gained independence in 1960 - In 1973, Nigeria introduced the Naira to replace the British West African pound
Final Answer
The Naira replaced the British West African pound in Nigeria in 1973, making it the correct answer to this historical currency question.
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