Volume 36, No.4, 1997. The 10-pound note has a male carver depicted on its back, as well as having the coat of arms in a white disc to the left. GOVERNOR - DIRECTOR BANK OF BIAFRA ), It is interesting that such an attempt has been made to produce this quasi-security device, as another very simple security device is absent that of non-fluorescing paper. Such a unilateral inflationary decision could damage the economy of the component parts. The New York Times newspaper New York, U.S.A. (The references in brackets refer to the page and column number of the relevant article. The Togolese government was reported to be seeking a reward from the Nigerians for the seizure, and although no public announcement was ever made, rumours persisted that a large sum was paid to the Togolese as a reward for handing over the money. This is a Currency Gallery page and some, most or even all of the banknotes displayed above on this page may not be available to purchase or to photograph. Bank of Ghana - Central Bank Bank of Ghana We formulate and implement monetary policy to achieve price stability, contribute to the promotion and maintenance of financial stability, and ensure a sound payment system. Something went wrong. The world bank has not approved the Biafran currency, and this claim remains an empty statement with no link to reality. Above the shield is an eagle clutching a tusk or horn, and representations of the eagle appeared on a number of Biafran coins. However, matters became critical in January 1966 when a number of junior army officers attempted a coup. 1 When the federal government offered to appease those in the east, their efforts were rejected, and although a lot of effort was made in trying to bring about a reconciliation, it appeared that those in the east were not willing to come to a compromise. Biafra. Beresiner and Narbeth (in The Story of Paper Money) claim that the notes were printed in Portugal and Switzerland, and this seems to be a reasonable proposition. One of the more intriguing aspects of the first issue is the dotted line which runs through the right hand side on the front of the notes. On 12 January more than 20 tons of Nigerian bank notes were flown into Switzerland on two aeroplanes but only 7 tons were permitted to be unloaded. Many impatient people surrendered their Biafran notes to speculators who were purchasing them at fifty Biafran pounds to one Nigerian pound. There were of course many stories of enterprising Nigerians who were buying the Biafran holdings in Europe at a discounted rate, and shipping them back to Nigeria where their full value could be obtained. (These were also the colours of the Biafran flag three horizontal bars of red, black, and green, with the rising sun in the centre of the black band). 5 - FIVE POUNDS - 5 Browse By Material; Browse By Set/Series Name; Browse By Currency; Related Sites. Although Biafra had made a concerted effort to produce the second series of higher quality bank notes, it would appear that their circulation was limited. The banknotes have various back designs. (Most types of paper have a high timber pulp content, and are treated with agents which brighten the paper and produce a surface which fluoresces under ultra-violet light. This page was last updated: 01-Mar 21:20. The plane was then unable to land in Biafra and had to land in Sao Tome. (Although the refinery, if that is what it is, may well have been the one built by the Biafrans at Uzoakoli following their loss of access to Port Harcourt and the coast.) So it was merely a matter of changing the line of authority to the Military Governor of Biafra, rather than to the relevant Minister in the Nigerian government. Catalog Detail. We had to arrange and conclude the exercise in a hurry. $80.00 0 bids $5.25 shipping Ended China 1960s Banknotes $30.00 1 bid $5.00 shipping 1d 12h China 2 Jiao 1980 scarce unc $1.00 1 bid $5.00 shipping 6d 6h What is the cost of converting to local currency? Another set of banknotes was released in February 1969 which also features a palm tree but with a small rising sun on the obverse. FY18 budget includes certain non-salary staff costs in program budgets that up to FY17 were included in Centrally Managed Accounts & Miscellaneous Programs. Consequently receipts were issued to Biafrans for the value of Nigerian currency they surrendered. It appeared on their flag, their coins and bank notes, on military insignia, and it gave rise to the title of their national anthem, Land of the Rising Sun. Cronje, Suzanne (1972) The World and Nigeria The Diplomatic History of the Biafran War 1967 1970, Sidgwick & Jackson, London. The 2 million (all in 1 notes) were believed to have been taken by the Biafrans to a bank in Asaba during their retreat from Benin, but when Asaba was captured by the Nigerians the vaults were empty or at least that is what the military reported to the Central Bank of Nigeria. By Johnniepen (self media writer) | 1 year ago, Rumors have been circulating that the Biafran Pound is now being accepted in Italy since yesterday. A Nigerian newspaper, Breaking News, Nigerian News & Multimedia, Daily publication in Nigeria covering Niger delta, general national news, politics, business, energy . The small print appears as continuous lines, however the print is made less easy to detect by being overlaid with a pattern of lines the pattern being different on each denomination. Calls to replace it have failed because it is the world's most widely traded currency. It's fake! While the coup was unsuccessful, it resulted in the deaths of the Prime Minister of Nigeria, the Premiers of the Northern and Western Regions, the federal Minister of Finance, and a number of senior army officers. Top Rated Seller Top Rated Seller. I shall send to the conference, when the time comes, economic experts who will advise on detailed arrangements with a view to safeguarding our future in this respect. (Akpan, 1972), It is most likely that when the time came to organise the first issue of Biafran notes, Ojukwu played a significant role. MA to MZ(except MI & MO)24 million, NA to NR(except NI & NO)16 million, 10s. However, the first numeral in the serial number for all notes of the second issue is always zero. First published in the. When a foreign journalist, Michael Mok of Life magazine, asked a nun working with the Biafrans whether he could make a cash donation to help the starving children, he was told that cash would be useless, as there was nothing left to buy in Biafra. This desire manifested itself six months after the unsuccessful coup, in a second coup which was led by elements of the Nigerian army controlled by the Northern Region. 1967 (ND), BIAFRA 1 POUND BANKNOTE, CIRCULATED. The Republic of Biafra existed between 1967 and 1970 before it surrendered to the Federal Military Government of Nigeria. World Banknotes. The Bank of Biafra Decree also stated that all property held in the republic by the Central Bank of Nigeria was to be transferred to the Bank of Biafra. Standard Catalog of World Paper Money. Lettering: The cases were due to be loaded on a flight to Accra in Ghana. They are based on evaluations by Numista users and sales realized on Internet platforms. It is considered the world's chief reserve currency held by most commercial and central banks globally. Essentially, most of the institutions required for running the new republic existed as part of the Nigerian governments administration for the Eastern region. Aware not only of the shortage of currency, but also of the poor quality of the notes and lack of denominations, preparations were made for the introduction of a new series of notes. A video on this YouTube channel Biafra Generation claims that the world bank has approved the Biafran currency (what they termed as the Ejemme). Following the end of the war, federal sources claimed that they had found evidence of the Biafrans asking the relief agencies to pay landing fees (in foreign exchange), for the use of their air-strips. For example, a comment by one viewer seems to question the veracity of the claim: Why all these nonsense misinformation on YouTube?.Can you all stop these gabbage propaganda news that is being posted every minute by many people in the disguise interest of Biafra.I have no problem seeking to make money from You Tube but your approach is isnt healthy._Uche Ozoemelam. Lettering: U.S. Dollar (USD) Central Bank: Federal . Equipment had to be bought quickly, and (of course) had to be paid for. The headquarters of the Bank of Biafra were known to be located in Port Harcourt in early 1968, but the town fell to federal troops on 19 May of that year, and the headquarters of the Bank were probably relocated several times due to the fluctuating fortunes of the Republic. For more recent exchange rates, please use the. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. At the end of the civil war there was a critical shortage of the new Nigerian currency, which retarded efforts to replace the currency in circulation in the east. Europa Year Book (1968) Europa Publications, London. But I wonder how many of us have contemplated what the map of the new Biafra will look like. Many of these notes were not delivered to Biafra, but it is not known how many were successfully conveyed to their destination and how many remained in storage at their point of production. The new currency went public on 28 January 1968, and the Nigerian pound was not accepted as an exchange unit. Although reports had appeared in the international press as early as June 1967 that Biafra intended to issue its own bank notes, it was not until 1968 that the first bank notes were introduced. $24.99 USD Each 25 Variety: UNC Wishlist West African States - Guinea-Bissau 2,000 Francs Banknote, 2017, P-916Sq, UNC As low as $11.99 USD Each 12 Variety: UNC Wishlist West African States - Guinea-Bissau 1,000 Francs Banknote, 2018, P-915Sr, UNC As low as $5.99 USD Each 6 Variety: UNC Wishlist China 1 Yuan Banknote, 1999, P-895c, UNC As low as Also, DAILY BIAFRA NEWSPAPER reported that World bank will not start printing the new Biafra currency until Nnamdi Kanu signs on it. Great Historic Banknotes BIAFRA 1 POUND 1968 - 1969 P-5 UNC birthday # 1972. The Bank of Nigeria . A report by the Pointer News that claims the World Bank is set to establish the Central Bank of Biafra has been shared over 500 times on Facebook. 5 shillings (B101a, P1) Worth: $2.50 - $10.00. The Republic of Biafra was formerly declared a sovereign nation in 1966 by Chukwuemeka Odumegwu Ojukwu (Military Governor of Eastern Nigeria). Another of Whartons planes had been destroyed mysteriously in Bissau (in Portuguese Guinea) shortly before this, and another had been impounded in Athens, leading the Biafrans to believe th! Thursday, 23rd . Ivory Coast. However they are an intriguing set of notes and will provide a collector with a complete set of a country for an affordable price. Signatures: Sylvester U. Ugoh (Governor) When Biafra declared its independence, it was drastically short of equipment to fight the war, despite the declarations of Lieut.-Col. Ojukwu. Many collectors will be familiar with the events of the Nigerian civil war, and equally there will be many younger collectors who have little or no memory of the events. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. The peoples living in Nigeria are looking forward to the SNC as the only genuine and serious conference that could solve the problem that is Nigeria. As a result, the independent movement was one of the major causes of the Nigerian civil war. From January 1968, a Swiss public relations company, Markpress of Geneva, looked after various interests of the Biafran government, operating the Biafran Overseas Press Division and providing access for journalists to Biafra. Predominant colour: Purple. Not surprisingly, the coup generated a deal of confusion and animosity across Nigeria, ultimately resulting in violence. ONE POUND - 1 Dubawa has also contacted the claimant several times with no response so far. In the old map many natural Biafran geographies were excluded such as Biafra lands on the west bank of the Niger. As a result, Dubawa embarked on scrutinizing the claim. Of course the shortage of money was not due simply to the loss of the notes carried by Whartons plane, it was due mainly to the near-total withdrawal of Nigerian notes without the Biafran substitute being available. Like any new nation, Biafra was keen to be identified with its own national symbols, and for this new republic these were primarily their coat of arms, the rising sun, and the palm tree all being used extensively on Biafran national instruments. Of the various symbols used in the design of the Biafran bank notes (both issues), several were very important. There is also the usual text associated with any bank note the name of the country, Republic of Biafra; the name of the bank, Bank of Biafra; the promise to pay on demand the sum of ; and the value of the note, e.g. Our main objective is to make sure we minimise lose of money. This action and the preceding blockade were the necessary catalysts that those in the east were looking for to show their hand. (Biafra transferred its capital several times to avoid capture by advancing Nigerian forces). While the continued acceptance of old Nigerian notes encouraged the continued activities by smugglers, by January 1969 the old Nigerian Pound had become almost unacceptable on the black market, worth only the merest fraction of its face value. The currency of Biafra had been the Nigerian pound, until the Bank of Biafra started printing out its own notes, the Biafran pound. It is not known whether the sets were sold at the behest of the Biafrans, or by their agents in an effort to recoup unpaid costs. By that same decree, Nigeria currency notes will cease to be legal tender in Biafra. Now, when Biafra was declared in 1967, Biafrans started. According to one version, the planes broke down while flying in their cargo, and jettisoned the much needed supply of weapons, and evidently other cargo such as the Biafran bank notes, before returning to Lisbon. The name given to the new state was The Republic of Biafra, the republic taking its name from the Bight of Biafra, on which it had its coast. It includes data from the World Bank's microdata, finances and energy data platforms, as well as datasets from the open data catalog . Or browse our previous auctions using our text-based directory. It is not known exactly when these notes were introduced, but it was probably around February 1969, as Gen. Ojukwu announced the following in a speech to the Consultative Assembly and Council of Chiefs and Elders on 10 February: I am happy to announce to you that we have now been able to produce real Biafran currency of the highest quality. According to documents illustrated in the Daily Times (Lagos) on 9 August 1967, the mineral rights for columbite ore, uranium, coal, tin concentrates, natural oil, and gold ore were ceded to the Rot(h)schild Bros Bank for a period of ten years. Dubawa began preliminary investigations by reaching out to the World Bank Office in Nigeria. The Bank Notes of Biafra. Certain that no great force would be required to subdue the rebel government, the Nigerians prepared for what they referred to as a police action. The back of the 5-shilling note is very similar to the first issue, with the picture of the four Ibo girls and the manilla being used in the same manner. The question of central banking and coinage is something which must be very carefully looked into. 1 - 1. We hope you enjoy shopping at BNWorld, Inc. Mon-Fri 8:30am-12:30am (Order cut-off for deliveries using USPS is 12:00pm and FedEx before 3:00pm (PST)), Graded Special Condition and Serial numbers, Venezuela Bolvar Digital (Digitales) 2021, Iraqi Dinar for ZImbabwe Dollars or Venezuelan Bolivar, Indonesia Rupiah for ZImbabwe Dollars or Venezuelan Bolivar, Vietnam Dong for ZImbabwe Dollars or Venezuelan Bolivar, Mixed Banknotes for ZImbabwe Dollars or Venezuelan Bolivar. It makes up 20% of known central bank foreign currency reserves. Realising that their activities had led to a greatly reduced amount of money in circulation, the Biafrans prepared to replace the Nigerian currency, with this endeavour resulting in the first Biafran note issue. The back of the 1-pound note carries the Biafran coat of arms above a wreath (constructed of two sprigs of unidentified leaves), and a ceremonial spear behind the disc in which the value of the note is held. It has also been suggested that the money ultimately fell into the hands of Nigerian soldiers who failed to declare their discovery. Auction 109. Notwithstanding, such claims are likely to give rise to unease and toxic debates in the society if ignored. The first notes denominated in 5 shillings, 1 were introduced on January 29, 1968. One of the barriers to this loose association would have been the different currencies, but Ojukwu did not see this as an insurmountable problem, and his subsequent desire to retain the Nigerian currency for Biafra may be ascribed to his desire to retain a single unit of currency in a confederation of states (which is what he hoped his secession would bring). The 1968 Biafran bank note issue was not only an emergency issue, it also faced the trials and tribulations of the country it was serving many of the notes not making it to Biafra. MIGA fulfills this mandate by offering political risk insurance (guarantees) to investors and lenders. The postage stamps were reportedly released on 5 February 1968 (which varies by a week from the date announced by Ojukwu of 29 January) and it would not be difficult to conjecture that the postage stamps and the bank notes were printed by the same printer for release at the same time. However the Alo makes its reappearance on the back of the 5-pound note, this time having a white disc with the coat of arms laying over its shaft. Numista does not buy or sell coins or banknotes. The Biafran conflict is well documented, with many works addressing the struggle from both sides. In 1944, the U.S. dollar became the global or world currency. To have a better understanding about biafran currency notes, you can visit Mintage World and explore the world of currency notes. See the details of the banknotes available for swap. 2x Biafra Banknote 1 Pound 1968 ND P 5a *UNC* Consecutive Serial #s ! The coup also resulted in General Ironsi being murdered, and hundreds of Ibo officers and soldiers being rounded up by their northern counterparts and shot. flying from Lisbon when he dumped the cargo of Biafran notes at sea. . Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. Unilateral inflationary decision could damage the economy of the Niger officers attempted a.! Sao Tome were introduced on January 29, 1968 widely traded currency due to be loaded on a of. In the east were looking for to show their hand it has contacted. On scrutinizing the claim and the Nigerian POUND the map of the symbols! - FIVE pounds - 5 Browse by Material ; Browse by Material ; Browse by Material ; Browse by ;. You can visit Mintage world and explore the world bank has not approved Biafran. 1967 and 1970 before it surrendered to the world of currency notes, you visit! 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