Convert Iranian Rial to Nigerian Naira
Convert Iranian Rial (IRR) to Nigerian Naira (NGN) using daily updated exchange rates.
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Exchange Rate
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About Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, though Iranians commonly quote prices in tomans (1 toman = 10 rials). Due to decades of international economic sanctions and domestic monetary mismanagement, the rial has experienced catastrophic depreciation - losing over 99.9% of its value against the dollar since the 1979 Islamic Revolution. In 2020, the Iranian parliament approved a redenomination plan replacing 10,000 rials with 1 new toman, though full implementation has been slow. The Central Bank of Iran issues currency and manages monetary policy.
About Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, Africa's most populous country and largest economy by GDP. Introduced in 1973 to replace the Nigerian pound, the naira has experienced severe long-term depreciation relative to major currencies. The Central Bank of Nigeria (CBN) manages monetary policy. Nigeria is a major oil producer - crude oil and natural gas account for the vast majority of government revenues and export earnings. The economy has faced structural challenges including dependence on oil, inflation, currency shortages, and foreign exchange controls.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).