Hiya kids and welcome to another week
Today we will be talking about coins. How many of you have used coins to buy things? We used to have coins in Nigeria and they were called Kobo. So we used Naira and kobo to buy the things we wanted.
But I bet most of you haven’t seen a kobo coin before and wouldn’t recognize it, if you did But by the end of this write-up, you will know all you need to about coins.
Do you know what a kobo coin looks like?
Can you draw one?
Do you know of any countries where they use coins?
Why do you think that we don’t use the kobo coin anymore?
Once upon a time, in 1973 the kobo had five denominations; they were 1/2k, 1k, 5k, 10k and 25k. A couple of years later, 50K and N1 notes were changed to coins.
In recent times the kobo coins have been phased out as the value can no longer purchase items. This means that we no longer have goods or services that cost as little as 1/2k, 1k and so on.
The value of things in Nigeria are more expensive than they used to be and so this is why we no longer use coins.
But there are lots of countries where they still use coins.