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We collect private information from users, and disclaim as follwos... It is permitted to copy material from this Internet address - either electronically or in paper form - provided that CBN is stated expressly as the source. It is however, not permitted to amend or distort the contents of the materials. Please note, however, the special rules concerning reproduction of banknotes and prohibition of counterfeiting.

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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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