Wednesday, November 05, 2014

President Jonathan To Unveil New 100 Naira Note

The Central Bank of Nigeria has announced that the President of the country Goodluck Jonathan will on Wednesday unveil a specially designed commemorative N100 banknote.

This was disclosed in a statement by the apex bank on Monday in Abuja.The bank said the commemorative note was part of its contribution to the centenary celebration and was in line with its mandate of issuing legal tender currencies for the country.

The statement read in part, “The choice of the N100 denomination is to mark the centenary celebration of Nigeria and is consistent with best global practices for central banks around the world during the celebration of national events.

“Part of the features of the commemorative banknote is the inscription of the theme of the centenary celebration: ‘One Nigeria, Great Promise’ as a micro-text.

“While retaining the portrait of the late Chief Obafemi Awolowo on the front, the new note features Nigerian traditional dancers at the back. The commemorative note comes in different dominant colours.”

The new note, according to the statement, is also designed to incorporate additional security features for digital communication, protection against counterfeiting, tolerance to the tropics and ease of recognition of genuineness.

The bank stated that the commemorative note was for the purpose of the centenary celebration and would circulate alongside the existing N100 note.

It will be recalled that the bank issued a commemorative N50 polymer note to mark Nigeria’s 50th independence anniversary in 2010.

The N100 note bearing the portrait of Awolowo was first issued in December 1999.

source: Punch News

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