New N100 note to begin circulation by Friday
New N100 note to begin circulation by Friday

New N100 note to circulate Friday

Yvonne Williams

The Central Bank of Nigeria (CBN) has announced that the commemorative N100 banknote recently unveiled by President, Goodluck Jonathan will go into circulation from Friday, December 19, 2014.

In a statement issued by CBN, it revealed that the new note would be launched by the CBN Governor, Godwin Emefiele at a ceremony in Abuja on Friday and would be immediately followed by a simultaneous issuance of the currency across its branches nationwide.

“The commemorative 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 stated.

The CBN governor during the unveiling of the new banknote explained that the new note was designed with enhanced security to offer strong resistance against counterfeiting.

Authentication features of the note include window micro-optics, showing the national flag and numeral 100 indicating the value of the denomination and the attainment of the centenary period.

“The new design retains the portrait of Chief Obafemi Awolowo both in the ink that is the interglow level, as a portrait and also in a paper as a shadow image. “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 highlights and sources all the information about the centenary. “With the QRC application, the barcode on the banknote can be scanned by users to read a brief history of Nigeria,” the CBN added.

Happenings Media