New 100 Naira Note Goes Into Circulation

The Central Bank of Nigeria said that
the commemorative N100 banknote
unveiled recently by the President,
Dr. Goodluck Jonathan , is going into
circulation from Friday.

This is contained in a statement
signed by Ibrahim Mu’azu , Head,
Corporate Communications, on
Friday in Abuja.

It directed all branches of the bank
to commence issuance of the
currency in their respective
locations.
“The commemorative note will
circulate alongside the existing
N100 note.

The 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,,” it
said.

It recalled that the CBN Governor,
Godwin Emefiele , at the unveiling of
the new banknote, explained that it
was designed with enhanced
security to offer robust resistance
against counterfeiting.
It added that the authentication
features of the note included
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 inter-
glow 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
highlighted and sourced all the
information about the centenary,”
it said .

According to the statement, the QRC
application, the bar code on the
banknote, can be scanned by users
to read a brief history of Nigeria.
It recalled that the apex bank, in
2010, issued commemorative N50
polymer note to mark Nigeria’s
50th Independence Anniversary
celebration.