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The Armenian Dram (AMD) is the official currency of Armenia, established in 1993 after the country gained independence from the Soviet Union. The currency is subdivided into 100 luma and is issued by the Central Bank of Armenia, playing a crucial role in the country's economy by facilitating domestic and international trade.
The Nigerian Naira (NGN) is the official currency of Nigeria, introduced in 1973 to replace the Nigerian pound. It is subdivided into 100 kobo and is regulated by the Central Bank of Nigeria, which is responsible for issuing banknotes and coins as well as managing monetary policy.