CBN: Commemorative N100 Banknote to Go into Circulation from Friday

Original Post By Obinna Chima,  

www.thisdaylive.com/

New N100 note

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

The new banknote will be launched by the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, at a ceremony in Abuja.

A statement from the central bank on Sunday explained that the ceremony would be immediately followed by a simultaneous issuance of the currency across branches of the central bank in the country.

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.

According to the central bank, the commemorative note would circulate alongside the existing  N100 note.