By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) said the new N100 commemorative note will be officially in circulation with effect from Friday November 19, 2014.
A statement from the CBN on Sunday affirmed that Godwin Emefiele, governor of the CBN will officially issue the commemorative N100 into circulation from the CBN’s headquarters in Abuja. This will immediately be followed by a simultaneous issuance of the currency across the branches of the central bank.
‘’The commemorative note, which is embedded with features to assist the visually impaired recognize genuine notes, also has other security features easily identifiable through look, feel and tilt of the currency note. 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,” the statement said.
President Goodluck Jonathan on Wednesday November 06, 2014 unveiled the specially designed commemorative N100 banknote by the CBN in remembrance of the amalgamation of the northern and southern protectorates in 1914.
Emefiele had at the unveiling of the new banknote explained it was designed to incorporate additional security features for digital communication, protection against counterfeiting, tolerance to the tropics and ease of recognition of genuineness.
“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. In addition, there is a spark feature of a rolling manila bar, which was the instrument of transaction during the slave trade era” the statement said.
Another feature of the new N100 banknote is on the back side of the currency which has the 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.”
