It is considered the world's chief reserve currency held by most commercial and central banks globally. 1 - ONE POUND - 1. In addition, the depiction of a single palm tree had been the dominant feature on the bank notes of the West African Currency Board from 1916 to 1951, and gave a visual reminder of the notes of that era. ces had taken with them some two million pounds in Nigerian currency, taken from bank vaults in Benin. REPUBLIC OF BIAFRA An article on the website Jamyco claims the World Bank has invited Nnamdi Kanu, leader of the Indigenous People of Biafra, to put his name on a new currency for Biafra. Palm tree in centre with sunset behind, all with decorate circles containing words. Comments made in a speech by General Ojukwu in February 1969 (a year after the events), reflect the public despair that was expressed at the Nigerian decree (although Ojukwu himself could not have been surprised): The government has long been aware of the terrible experiences of our people over the issue of currency. These undelivered notes were sold into the collector market once they became unusable, and were sold in such numbers that the market became flooded. To have a better understanding about biafran currency notes, you can visit Mintage World and explore the world of currency notes. Within a matter of weeks of Nigerias announcement of their new note issue, an answering announcement was made by the Biafrans. Lettering: During Nigerias final thrust of August 1968 (which proved not so final), Whartons planes did not arrive when needed. While each of the notes of the second issue have a degree of common design on their front, each denomination is distinct in its layout. Lettering: REPUBLIC OF BIAFRA BANK OF BIAFRA Promise to pay on Demand the sum of . The new family of notes introduced the 10 shillings, 5 pounds, and 10 pounds denominations with an oil refinery, a female weaver, and a male carver on their respective reverse designs. -catalogue-33.html) References: P# 6 . Nothing false about it,its merely voter education to guide o okay , thanks for the cross checking , i will verify my info okay , thanks for the cross checking , i verify my informati Hello FACEBOOK, this is not false information. Amidst all this, the Nigerian SSS (State Security Services), the Mobile Police, and the Police, are busy chasing down and arresting MASSOB (Movement for the Actualization of the Sovereign State of Biafra) members from their own homes and in their church buildings, for no offense other than that they were having a peaceful meeting of MASSOB members. By that same decree, Nigeria currency notes will cease to be legal tender in Biafra. Currency: Pound (1967-1970 . 1967 (ND), BIAFRA 1 POUND BANKNOTE, CIRCULATED. The postage stamps were reportedly released on 5 February 1968 (which varies by a week from the date announced by Ojukwu of 29 January) and it would not be difficult to conjecture that the postage stamps and the bank notes were printed by the same printer for release at the same time. Security printers usually use paper, particularly paper with high linen and cotton content, which is not treated in such a manner.). (From other reports in the press at the time, this appeared to be the general rate available for the notes. Mezu, S. Okechukwu (1971) Behind the Rising Sun, Heinemann, London. This index is based on the data of Numista members collections. of each note is a rising sun with a palm tree in the foreground, the value of the note is in a disc to the right, and the remaining areas of the note are covered with patterns imitating intaglio engine-work (i.e. A/O & A/P20 million, 1A/A to A/D40 million. Another external source of revenue that was rumoured to have come to the Biafrans, was an advance of six million pounds against the promise of mineral rights. These were printed in Portugal, as were the initial series of bank notes. Biafra. Numista type number (https://en.numista.com/help/what-is-the-n-number-visible-in-the-catalogue-33.html). Despite many early successes, Biafra was mostly on the back foot during the conflict; and, as well as defending itself, had to support the millions of refugees who had returned to the region after the massacres. The editorial comment is therefore either incorrect (the recall may have been for the interim receipts), or the currency was issued earlier than Ojukwu stated; and one source does give the date of issue as 10 January. 22. Rumours as to what value the Central Bank of Nigeria would place on the Biafran notes became widespread, with many believing one rumour that twenty Biafran pounds would be given the value of one Nigerian pound. 5 - 5 To the left! Their use was very popular amongst the Ibos until recent times and they were only demonetised during the 1940s. It has also been suggested that the money ultimately fell into the hands of Nigerian soldiers who failed to declare their discovery. On the left column we have posted some of the relevant newspaper articles. Currency Gallery: Biafra Africa Index World Index Banknotes for Sale Consignment List Banknotes Wanted Note Evaluation Banknote Grading Numismatic Books If you are looking to purchase Biafran banknotes, then please visit our Store instead. This section addresses the basic events of the secessionist period in Nigeria. The Times newspaper London, United Kingdom, (The references in brackets refer to the page number and column location of the relevant article. This desperate method of raising foreign exchange supposedly lasted only a brief period of time. The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people's lives. The present difficulties started when early last year [1968] Nigeria, on the advice of Whitehall, suddenly decided on its wicked and diabolical plan to dispossess our people of their wealth by means of the notorious currency switch. Crypto custodian Anchorage has secured conditional approval for a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC), making it the first national "digital asset. $24.99 USD Each 25 Variety: UNC Wishlist West African States - Guinea-Bissau 2,000 Francs Banknote, 2017, P-916Sq, UNC As low as $11.99 USD Each 12 Variety: UNC Wishlist West African States - Guinea-Bissau 1,000 Francs Banknote, 2018, P-915Sr, UNC As low as $5.99 USD Each 6 Variety: UNC Wishlist China 1 Yuan Banknote, 1999, P-895c, UNC As low as #abp #abpmajha #marathinews #teachersconstituency #vidhanparishadresult #satyajeettambe #shubhangipatil #mlcelectionresult Teachers and Graduate Constituency Elections INEC suspended elections in some parts of Bayelsa, How Top Nigerian politician lied, deceived U.S. court. Please browse the results of our past auctions using the navigation tools above. Unissued copies of ten year bonds for the value of one thousand pounds, dated 15 June 1969 and offered through the London agents of the Republic of Biafra, are extant and show that this method of financing was attempted although it is not known how many bonds were actually issued. We had to arrange and conclude the exercise in a hurry. The People's Bank of China is aiming for widespread domestic use of the e-CNY, or digital yuan, in 2022. There are a number of ethnic groups in Nigeria with no group being a clear majority, however the Northern region was dominated by the Hausa, the Western by the Yoruba, and the Eastern by the Ibo (or Igbo). To purchase military equipment on the open market, Biafra had to have foreign exchange, and the efforts of the Biafrans to obtain this foreign exchange were quite exhaustive and quite varied. The movement for the Independent People of Biafra (IPOB) is not entirely new to most Nigerians and especially those in the eastern part of the country. The two letter serial number were followed by a seven digit number. WASHINGTON, March 16, 2022 In an effort to help accelerate Kenya's ongoing inclusive and resilient recovery from the COVID-19 crisis, the World Bank has approved a $750 million Development Policy Operation (DPO) that will help strengthen fiscal sustainability through reforms that contribute to greater transparency and the fight against 1968-69 1 Pound from Biafra. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. The notes were reported to be on transfer from the Banque Populaire Suisse in Basle to a bank in Ibadan (in Nigeria), but were handed over to the Nigerian government by the Togolese authorities. Called the " sand dollar ," it will increase financial inclusion for inhabitants spread out across the country's 700 islands, where banking services such as cash machines are not always available. For the first series, there are only two known serial number prefixes, while for the second series there are four prefixes. The National Political Reform Conference arranged, funded (illegally) and teleguided by Obasanjo himself, is about to wind up, pretending that it has been successful, although the fragmentation of interests along ethnic and regional lines is the most visible outcome--not surprisingly. Following the end of the war, federal sources claimed that they had found evidence of the Biafrans asking the relief agencies to pay landing fees (in foreign exchange), for the use of their air-strips. The underaged Dis you guys know also that labor and some other party stage Joseph Nyumah Boakai deciding to support Alexander Cummings after retirement, False! The Data Catalog is designed to make World Bank's development data easy to find, download, use, and share. Product has been added to . Yes my grand parents and my Ikwuano people called it Ojomma and not Ejemma. The current regional distribution of 36 states was approved in 1996. . There have been differing reports as to the amount of Nigerian currency in circulation at the time of secession, but when Nigerias Finance Commissioner announced on 30 December 1967 that the new Nigerian notes would replace the current notes in circulation between 3 January and 22 January 1968, he also stated that some 37 million had been seized by the rebels in the east. Of the various symbols used in the design of the Biafran bank notes (both issues), several were very important. Two days earlier an aeroplane carrying 7 million of Nigerian currency was seized at Lom in Togo. Because 13 tons of the notes arrived in an aircraft registered in Rhodesia, a country with which Switzerland had no diplomatic relations, the Swiss authorities refused to let the cargo be unloaded and the aircraft was forced to continue to Lisbon. The notes have a palm tree and a big rising sun on their obverse design. Although Biafra had made a concerted effort to produce the second series of higher quality bank notes, it would appear that their circulation was limited. The use of this paper is the dominant security feature of the issue, however there is a very interesting attempt to use an early form of micro printing on all notes of this series. (Total: 3 notes) The machinations of the various political elements caused Nigeria to lurch from one political crisis to another in the early years of nationhood. 5 shillings (B101ar, P1r) See Details. This declaration led to the Nigerian Civil War. "They invited him this morning (Friday, July 18, 2020) to come and sign . Catalog Detail. Did UK police arrest six Nigerians for selling black market fuel? Tracy L. Schmidt (editor); 2019. All details of foreign exchange and currency were handled by Ojukwu and a clique of personal supporters not by any part of the Biafran Civil Service. The Republic of Biafra existed between 1967 and 1970 before it surrendered to the Federal Military Government of Nigeria. A video on YouTube claims that the World Bank has finally approved the Biafran Currency. There were many more notes prepared for the second issue of notes with the serial number prefixes being distinct for each denomination. Don't fall for cheap lies. The first issue of the bank notes included only 5 shillings notes and 1 pound notes. In addition, Biafra was reported to have bought many of its armaments in Geneva and Lisbon reinforcing the probability that one or both of these cities may have provided printing presses for the notes. The nation existed during the war which happened from May 1967 and lasted until January 1970. The Biafran conflict is well documented, with many works addressing the struggle from both sides. This, of course, has not escaped the watchful eyes of the US Intelligence which comes out with an Intelligence Report on Sub-Saharan Africa (SSA) predicting that within the next 15 years, Nigeria will totally collapse. Another of Whartons planes had been destroyed mysteriously in Bissau (in Portuguese Guinea) shortly before this, and another had been impounded in Athens, leading the Biafrans to believe th! Pk 5b and this banknote is w. Seller: Trusted Traditions, Inc. (1) Posted: 07/16/19. No matter in what form the notes are found (the remainders are now getting scarce), the notes of Biafra offer an interesting piece of history a piece of African history, and a piece of bank note history. The leaders of this movement were close to the Military Governor, and from late 1966 it seems that plans were being put in place for the Eastern Region to secede. There were only two denominations in the first issue (five shillings and one pound), and according to Dr. Okigbo in his statement of 1 February the reason for this was the desire for the Biafrans to deflate their economy although the reality would appear to be insufficient planning. Top Rated Seller Top Rated Seller. Steiner, Rolf (1978) The Last Adventurer, Little, Brown and Company, Boston. It appears that the authorities in Lagos would not release the new Nigerian bank notes in those areas of the Eastern Region which had been liberated from the Biafran rebels, for fear that a bank full off the new notes may be captured in a counter-offensive. Of Nigerias announcement of their new note issue, an answering announcement was made the... ) behind the Rising Sun, Heinemann, London until January 1970 words... 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