The Central Bank of Nigeria (CBN) has directed all of its branches to start issuing new N100 bills.
A statement signed by the head of corporate communications, CBN, Ibrahim Mu’azu, on Friday in Abuja said the new bill would circulate simultaneously with the existing bill.
CBN governor Godwin Emefiele had unveiled the new banknote designed to commemorate 100 years of Nigeria. He said it was designed against counterfeiting.
“The note, which is embedded with features to help the visually-impaired recognise genuine notes, also has other security features easily identifiable through look, feel and tilt of the currency note,” said Mua’zu’s statement. “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 highlights and sources all the information about the centenary.”
In 2010, the CBN issued a commemorative N50 polymer note to mark the 50th anniversary of Nigeria’s independence from Britain.
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