NIGERIA ISSUES COMMEMORATIVE BANKNOTE

The commemorative N100 banknote unveiled recently by President, Goodluck Jonathan will officially go into circulation from Friday this week.

The commemorative note, which is embedded with features to assist the visually impaired recognise genuine notes, also has other security features easily identifiable through look, feel and tilt of the currency note.

The CBN governor had, during the unveiling of the new banknote, explained that it was designed with enhanced security to offer robust resistance against counterfeiting.

The 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.

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. In addition, there is a spark feature of a rolling manila bar, which was the instrument of transaction during the slave trade era.

At the back side of the currency is the introduced 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,” the CBN stated.

To read the complete article, see:
CBN: Commemorative N100 Banknote to Go into Circulation from Friday (www.thisdaylive.com/articles/cbn-commemorative-n100-banknote-to-go-into-circulation-from-friday/196748/)

To read the earlier E-Sylum article, see:
NIGERIA ADDS QR CODE TO BANKNOTE (www.coinbooks.org/esylum_v17n48a20.html)

	NBS (coinbooks.org) Web