CBN unveils N100 centenary commemorative bank note

 

 
THE Central Bank of Nigeria (CBN) yesterday unveiled the first digital N100 paper note to commemorate Nigeria’s Centenary.  The Apex bank governor, Mr. Godwin Emefiele, unveiled the new note during the weekly Federal Executive Council (FEC) meeting, which in his presentation showed enhanced security features.

The CBN boss during the presentation stated series of activities lined up for the eventual injection of the new note into circulation. The new note, which also has features for the visually impaired, is due to be officially issued into circulation on Friday December 19, 2014.

According to him, Wednesday, November 19 the notes are to be sent to banknote equipment manufacturers and other machine suppliers to enable them adapt to machines and authentication devices.

On the November 26, there will be a publication of the new N100 bank note to be sent by the CBN to commercial banks, chamber of commerce, Nigeria Police, cash in transit companies and others.

On Wednesday December 3, leaflets on the N100 bank note will be sent to 1, 000 Point of Sales (PoS) in the country, including a reminder about adapting machines and devices.  While on Wednesday December 17, a film showing how to check the new hundred naira bank note will go live on the CBN YouTube.

Explaining the features of the new banknote, Emefiele said the new note was designed with enhanced security to offer robust resistance against counterfeiting.