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NEW 100 NAIRA NOTE GOES INTO CIRCULATION FRIDAY

naijalog by naijalog
December 14, 2014
in Top Stories
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NEW 100 NAIRA NOTE GOES INTO CIRCULATION FRIDAY
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The centenary commemorative 100 naira banknote celebrating the creation of Nigeria  will go into circulation from Friday, December 19.

Godwin Emefiele, CBN governor, in a statement released to newsmen said the new note would be launched at a ceremony in Abuja on Friday.

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“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 statement stated.

“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.

“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 added.

The commemorative note would circulate alongside the existing  N100 note with enhanced security to offer robust resistance against counterfeiting has authentication features which include window micro-optics, showing the national flag and numeral 100 indicating the value of the denomination and the attainment of the centenary period.

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