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New 100 Naira Note Goes Into Circulation (Photo)

The Central Bank of Nigeria said that the
commemorative N100 banknote unveiled recently by
the President, Dr. Goodluck Jonathan, is going into
circulation from Friday.
This is contained in a statement signed by Ibrahim
Mu’azu, Head, Corporate Communications, on Friday
in Abuja.
It directed all branches of the bank to commence
issuance of the currency in their respective locations.
“The commemorative note will circulate alongside the
existing N100 note.
The note, which is embedded with features to assist
the visually impaired recognise genuine notes, also
has other security features easily identifiable
through look, feel and tilt of the currency note,,” it
It recalled that the CBN Governor, Godwin Emefiele,
at the unveiling of the new banknote, explained that
it was designed with enhanced security to offer
robust resistance against counterfeiting.
It added that the authentication features of the note
included window micro-optics, showing the national
flag and numeral 100 indicating the value of the
denomination and the attainment of the centenary
“The new design retains the portrait of Chief Obafemi
Awolowo both in the ink, that is the inter-glow level,
as a portrait and also in a paper as a shadow image.
“In addition, there is a spark feature of a rolling
manila bar, which was the instrument of transaction
during the slave trade era.
At the back side of the currency is the introduced
Quick Response Code, (QRC), a digital communication
feature that highlighted and sourced all the
information about the centenary,” it said .
According to the statement, the QRC application, the
bar code on the banknote, can be scanned by users to
read a brief history of Nigeria.
It recalled that the apex bank, in 2010, issued
commemorative N50 polymer note to mark Nigeria’s
50th Independence Anniversary celebration.

Posted By: Nwacheat


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Posted by PRINCE O. On December 19, 2014

Categories: Uncategorized


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