Wednesday, November 05, 2014

CBN to Launch New N100 Note to Commemorate Centenary Celebration

President Goodluck Jonathan will today Wednesday unveil a specially designed N100 banknote to commemorate Nigeria's centenary celebration.
The development was disclosed in a statement by the bank on Monday in Abuja.

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.

In the new centenary note, additional security features for digital communication, protection against counterfeiting, tolerance to the tropics and ease of recognition of genuineness were added.

Do you think this is necessary?

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