Friday 19 December 2014

New N100 note goes into circulation



The commemorative N100 banknote unveiled recently by President Goodluck Jonathan is going into circulation from today.

The Central Bank of Nigeria (CBN)  in a statement signed by Ibrahim Mu’azu, head, corporate communications, on Friday, directed all branches of the bank to commence issuance of the currency in their respective locations.

It recalled that the CBN Governor, Mr 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 period.

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.

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