NGN to BYN - Naira USD

Convert your NGN to BYN in few easy clicks

NGN to BYN Comparison Table

Feature	NGN (Nigerian Naira)	BYN (Belarusian Ruble)
Currency Code	NGN	BYN
Symbol	₦	Br
Issuing Authority	Central Bank of Nigeria	National Bank of the Republic of Belarus
Economic Strength	Developing, resource-based economy	Developing, transition economy
Exchange Rate Volatility	High	Relatively stable
Popular Use Cases	Domestic transactions, remittances	Domestic transactions
Digital Payment Adoption	Growing adoption, mobile money prominent	Increasing adoption
Inflation Rate	Historically high	Relatively low
Interest Rates	High	Lower than Nigeria
Foreign Exchange Reserves	Moderate	Adequate
Foreign Direct Investment (FDI)	Increasing, resource-focused	Increasing, various sectors

The NGN is a currency of a developing, resource-based economy with high volatility, while the BYN is from a developing, transition economy with relative stability.
Belarus has a less developed digital payment infrastructure compared to Nigeria.
The interest rate differential between the two countries is significant.

African Currencies	Asian Currencies
NGN to DZD NGN to BIF NGN to CDF NGN to GNF	NGN to CNY NGN to HKD NGN to IDR NGN to ILS

European Currencies	North America Currencies
NGN to BAM NGN to BGN NGN to BYN NGN to CAD	NGN to BSD NGN to CAD NGN to CUP NGN to DOP

Post-Soviet Currency: The Belarusian Ruble was introduced after the collapse of the Soviet Union, replacing the Soviet Ruble.
Currency Renomination: Due to high inflation, Belarus underwent a currency renomination in 2016, introducing a new Belarusian Ruble.
Central Bank Control: The National Bank of the Republic of Belarus is responsible for issuing and regulating the Ruble, implementing monetary policies to stabilize the currency.
Economic Challenges: Belarus has faced economic challenges, impacting the Ruble’s stability. Government policies aim to address these issues.
Russian Ruble Influence: Given the close economic ties between Belarus and Russia, the Russian Ruble often influences the Belarusian Ruble’s exchange rate.
Cash-Based Economy: While digital payments are increasing, Belarus still maintains a largely cash-based economy.
Subdivision: The Belarusian Ruble is divided into 100 kopecks, though their usage is limited in everyday transactions.