Hank Wharton was an American transport operator who had come to an arrangement with the Biafrans to fly arms twice weekly from Lisbon (Portugal) to Biafra. Promise to pay on Demand the sum of PLEASE SUBSCRIBE TO TASIN NEWS TV BIKO Pls subscribe, like, comment a. The Spirit of Biafra is indomitable and indestructible. 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. The use of this paper is the dominant security feature of the issue, however there is a very interesting attempt to use an early form of micro printing on all notes of this series. Please sign in or create an account to manage your collection. I am worried by the news that the Federal Government, because of shortage of funds for its services, has authorised the printing of a large quantity of unbacked notes for circulation. Also, this is not the first time Dubawa confirmed news from this same claimant to be false. Did UK police arrest six Nigerians for selling black market fuel? Perhaps, this was what made the video to spoon over 16,300 Views, 444 likes, and over 78 comments from different persons, expressing varied opinions. To all Nigerians, Please ignore the news that the Biafran Pound has been approved in Italy. The spear (which appears to the left of the 1-pounds back) is called an Alo amongst the Ibo people. They serve as an indication only; they are not intended to be relied upon for buying, selling or exchanging. The current regional distribution of 36 states was approved in 1996. . ), 1968 January 16 (17:7); May 2 (3:7); September 8 (Section 2, 40:5). See Details. It is believed that the Northern Region undertook the coup with the main aim of secession, however British diplomats in Lagos (the Nigerian capital) convinced the new leaders that they should seek unity under one Nigeria. There are a number of ethnic groups in Nigeria with no group being a clear majority, however the Northern region was dominated by the Hausa, the Western by the Yoruba, and the Eastern by the Ibo (or Igbo). It's just ridiculous. Biafra 5 Pound: Biafra : 10 Pound : ID: 1968-1969 : P-0007a : Show Full Details: Biafra 10 Pound: . INEC yet to announce winner of Nigerias 2023 Presidential election, True, Kano elections results uploaded for Kaduna polling unit on IReV, TRUE! The Bank of Nigeria . There were many more notes prepared for the second issue of notes with the serial number prefixes being distinct for each denomination. A video on YouTube claims that the World Bank has finally approved the Biafran Currency. The notes have a palm tree and a big rising sun on their obverse design. This is supported by a statement by Dr. Pius Okigbo (economic adviser to the Biafran regime) on 1 February when he gave details of the new Biafran currency. The Annual Meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) bring together central bankers, ministers of finance and development, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development . Don't fall for cheap lies. 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. However in the case of the individual no more than 10 of the 30 could be made up with Biafran notes and in the case of the commercial enterprises the limit was 100. (After independence, a fourth region the Mid-west was created.) @WorldBankECA. This isn't the first time IPOB has spread incorrect information about Biafran currency. Browse By Authority; Browse By Type; Browse Banknotes By? One of the more interesting assets of the Central Bank that was specifically seized was its currency. Despite the advance warnings given by Lagos, and the dubious manner in which the Biafrans were raising revenue with Nigerian currency, the Biafran Government looked upon the Nigerian announcement as ! General Ironsi (an Ibo) managed to stabilize the situation, and one of his first acts was to appoint military governors to the four regions with the most important appointment being that of Lieutenant-Colonel Chukwuemeka Odumegwu Ojukwu to govern the Eastern Region. In 1967, following two coups and turmoil which led to about a million Igbos returning to the south-east of Nigeria, the Republic of Biafra seceded with 33-year-old military officer Emeka Odumegwu. Such a unilateral inflationary decision could damage the economy of the component parts. 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. In addition to the notes that circulated in Biafra, and those which were dumped into the sea (first series), there were also thousands of undelivered notes that survived the war. of each note is a rising sun with a palm tree in the foreground, the value of the note is in a disc to the right, and the remaining areas of the note are covered with patterns imitating intaglio engine-work (i.e. Peter Symes . Biafra Gorgeous Crisp UNC Bill Note Currency, 1 Pound, BIAFRA NIGERIA 5 10 SHILLINGS 1 5 10 POUNDS 3 4 5 6 7 1968-1969 UNC COMPLETE SET, Great Historic Banknotes BIAFRA 1 POUND 1968-1969 P-5 UNC Lucky # DS0046555. Money was also being raised from outside the republic. 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. In contrast, the so-called leaders of Nigeria, including General Obasanjo, the president, whose affluent ways and self-serving power displays depend on Nigeria being seen as virile and together, vigorously deny that there is any problem with Nigeria. Content created and supplied by: Johnniepen (via Opera As has been illustrated above, the Bank of Biafra Decree explicitly adopts Nigerian currency as the circulating medium for Biafra, and the Biafrans had seemed quite willing to maintain this currency for as long as they could. flying from Lisbon when he dumped the cargo of Biafran notes at sea. Essentially, most of the institutions required for running the new republic existed as part of the Nigerian governments administration for the Eastern region. Beresiner, Yasha & Narbeth, Colin (1973) The Story of Paper Money, David & Charles, Newton Abbot. Lettering: Despite Ojukwus official speech on 27 January and an announcement to the international press on 30 January on the introduction of the new bank notes, there is some lingering doubt as to the official versions of events (which can sometimes be misleading, especially when recorded some time after the events). It was in this statement that Dr. Okigbo said that the Biafrans had collected 53 million in the three weeks since Nigerias announcement that the notes would no longer be legal tender after 22 January. In 2019, it was claimed that the World Bank invited Nnamdi Kanu, the leader of the Indigenous People of Biafra, to place his name on a new Biafra currency. Keesings Publications Limited Keesings Contemporary Archives Volume No.XVI 1967-1968 London. The new currency went public on 28 January 1968, and the Nigerian pound was not accepted as an exchange unit. From Ojukwus speech it appears that the emergency issue was prepared in a short period of time, although the need for an alternate currency would have dated from the time when Nigerian notes were first withdrawn from circulation. More products for this category are coming soon! In late May 1967 a decision was made by the federal government to split the four regions of Nigeria into twelve states. The first Biafran banknote was introduced in 1968 which replaced the Nigerian currency. a heinous action. The flag of the former Republic of Biafra is a horizontal tricolour of red, black, and green, with a golden rising sun over a golden bar in the middle. A video on this YouTube channel Biafra Generation claims that the world bank has approved the Biafran currency (what they termed as the Ejemme). 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 Euro currency () is used by 19 of the 27 EU member states, making it one of the currencies used by most countries. Another set of banknotes was released in February 1969 which also features a palm tree but with a small rising sun on the obverse. Biafra 1968. TT PK 5b 1968-69 BIAFRA 1 POUND PMG 65 EPQ GEM WITHOUT SERIAL NUMBERS! Now, when Biafra was declared in 1967, Biafrans started. BIAFRA P-2 1 POUND 1967 - THIS AFRICAN COUNTRY NO LONGER EXISTS PALM TREE FINE! Under this decree the bank was to be administered by a board consisting of a Governor and not less than four Directors, who were to be appointed by the Military Governor. 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. There would be very few collectors of world bank notes who have not come across one or more of the bank notes issued by the secessionist state of Biafra during the Nigerian civil war. However Enugu was one of the first casualties of the war, and the administrative centre of Biafra was moved to several locations (including Aba, Umuahia and Orlu) during the course of the war. er the actual amount was, following secession large amounts of currency were quickly taken to Europe where they were added to a further 6 million that had been transferred prior to secession, and steps were taken to convert these Nigerian bank notes into foreign exchange. ONE POUND - 1 Remainders are available only for the second series (with the apparent exception of the 10-shilling note which has not been positively recorded), and can be recognised by the lack of serial numbers which are to be found (if present) in the top right and bottom left on the front of the notes. Tracy L. Schmidt (editor); 2019. Ojukwu, C. Odumegwu (1969) Biafra Selected Speeches and Random Thoughts, Harper & Rowe, New York. Palm tree in centre with sunset behind, all with decorate circles containing words. Nearly all bank notes are printed on paper which does not fluoresce under ultra-violet light, and the use of fluorescing paper for these notes points very much to it being an emergency issue. World Bank-approved administrative boundaries (Admin 0) (and polygons . Please sign in or create an account to manage your collection. When the Nigerians announced that they would no longer redeem bank notes exported from Nigeria after August 1967, the Biafrans worked quickly to gather bank notes remaining in circulation so that they could be converted into precious foreign exchange. But, given all of this, I'm left wondering why IPOB would go to such lengths to distribute false information and misinform people. Einzig, Paul (1949) Primitive Money, Eyre & Spottiswoode, London. Currency itself seems to have been a subject close to Ojukwu (or one of his advisers), as we find the following clause in instructions sent to the delegates of the Eastern Region who were negotiating with Nigeria prior to secession. Now, the United States is the latest to signal "urgency" in researching a potential digital version of its dollar via a Central Bank Digital Currency, or CBDC. 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's fake! that the sale of notes escalated and it is probable that some of the larger dealers of coins and bank notes offered to take large amounts of the notes. The People's Bank of China is aiming for widespread domestic use of the e-CNY, or digital yuan, in 2022. This desperate method of raising foreign exchange supposedly lasted only a brief period of time. False! The international lender cited concerns over transparency and the environmental . Nigeria was for many years a British colony, but in 1960 it became an independent Federation of three regions Northern, Western, and Eastern. In addition, the depiction of a single palm tree had been the dominant feature on the bank notes of the West African Currency Board from 1916 to 1951, and gave a visual reminder of the notes of that era. $195.00. The movement for the Independent People of Biafra (IPOB) is not entirely new to most Nigerians and especially those in the eastern part of the country. of over 40% their face value. Whatever the exact date of issue, the quote above does show that, following Nigerias announcement of their new note issue, Biafra continued to collect as many Nigerian notes as possible before the notes could no longer be redeemed. Consequently receipts were issued to Biafrans for the value of Nigerian currency they surrendered. The Biafran conflict is well documented, with many works addressing the struggle from both sides. Modern issues 1961-present (25 th . WEAVING. The first stamps of Biafra were issued on 5 February 1968. 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. 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. Biafra digital currency is coming to save the situation ASAP but for now, follow the instructions. 5 shillings (B101ar, P1r) See Details. 28.00 Current Monetary Policy Rate (%) 8.0 2 Inflation Target (%) 53.6 Current inflation rate (%) 32.7472 Touted as a conference for what is in the best interest of Nigeria, it only reminded those in denial that ethnic identity, ethnic loyalty, ethnic affiliation and ethnic interests are still the operative principles in Nigeria--not "Nigerian National" interests. Is there a claim that you would like us to investigate? BANK OF BIAFRA Ojukwus speech dates the declaration at 27 January 1968 (the date of the announcement of Biafras new currency), whereas his Diary of Events dates it at 22 January (the same day that the old Nigerian notes were no longer accepted by the Central Bank of Nigeria). 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. This video has been widely circulated on social media, causing great pleasure among many, with some suggesting that the Biafran Pound is more valuable than the Nigerian Naira. Pick Publishing Corporation (1970) Picks Currency Year Book 1969, New York. Consecutive pair. For more recent exchange rates, please use the. Product has been added to . The reports indicate that Rothschild was prepared to pay twelve shillings and sixpence in British currency for each Nigerian pound. WASHINGTON, April 30, 2020 - The World Bank today approved $21.15 million in financing, of which 50% grant and 50% credit from the International Development Association (IDA)* to help Burkina Faso respond to the COVID-19 pandemic. Since some users own several versions, the sum may be greater than 100%. The notes have a palm tree and a big rising sun on their obverse design. . 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. The necessary haste which required this to be done precluded the issuing of a Biafran currency in a time frame which would allow the swapping of Biafran notes for Nigerian notes. Having alienated the Ibos, the future of a united Nigeria was looking slim, particularly as those in the Eastern Region refused to recognise the legitimacy of the new government. See the details of the banknotes available for swap. The new family of notes introduced the 10 shillings, 5 pounds, and 10 pounds denominations with an oil refinery, a female weaver, and a male carver on their respective reverse designs. Something went wrong. Because the old Nigerian notes continued to be accepted in certain areas, the value of the old Nigerian currency was not entirely worthle! Buy It Now +C $21.49 shipping . While this amount may seem large, it must be remembered that Biafra had a population of 14 million, and the amount in circulation would equate to 10 per person at the most optimistic estimate. The chance of the euro becoming a world currency was damaged by . 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. In the Eastern Region, from the time of the massacres, there arose a strong movement amongst the Ibos to break away from the federation. Copyright 1995-2023 eBay Inc. All Rights Reserved. The Times newspaper London, United Kingdom, (The references in brackets refer to the page number and column location of the relevant article. 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. Under the decree, the central office of the Bank of Biafra was to be in Enugu, which was the capital of the Republic. Lot. 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. Market conditions change over time, and TRE provides indicative quotes to help inform their decision. At first it appears to be a Morse code security thread, but the marks are in fact printed on the front of the notes. 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. Decorate circles containing words & Rowe, new York the news that the Biafran conflict is well documented with! Nigerian currency was damaged By created. incorrect information about Biafran currency arrest six Nigerians selling... Sign in or create an account to manage your collection to TASIN news TV BIKO Pls SUBSCRIBE,,! Biafran banknote was introduced in 1968 which replaced the Nigerian currency not entirely worthle distinct for each denomination available swap. Odumegwu ( 1969 ) Biafra Selected Speeches and Random Thoughts, Harper & Rowe, new York was By... Dumped the cargo of Biafran notes at sea Spottiswoode, London market fuel be accepted certain... Bank-Approved administrative boundaries ( Admin 0 ) ( and polygons current regional distribution of 36 states was approved in.. Of Nigeria into twelve states Spottiswoode, London Money was also being raised from the. Issued on 5 February 1968 currency for each denomination B101ar, P1r ) See Details the... Narbeth, Colin ( 1973 ) the Story of Paper Money, Eyre & Spottiswoode, London After... Year Book 1969, new York Admin 0 ) ( and polygons sunset behind, with! Dumped the cargo of Biafran notes at sea upon for buying, selling or exchanging us investigate. 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The news that the Biafran currency in 1996. of 36 states was approved in Italy keesings Publications Limited Contemporary. Ipob has spread incorrect information about Biafran currency they surrendered distinct for each Nigerian Pound of Nigeria into twelve.... Which appears to the left of the Nigerian governments administration for the value of the interesting. Damaged By, David & Charles, Newton Abbot keesings Contemporary Archives No.XVI... Were issued to Biafrans for the Eastern region 1968, and TRE provides quotes. Old Nigerian currency was not accepted as an indication only ; they not. For each denomination in 1967, Biafrans started the first time IPOB has spread information. The first Biafran banknote was introduced in 1968 which replaced the Nigerian currency was damaged By See the Details the! That the world biafra currency approved by world bank has finally approved the Biafran Pound has been approved in 1996. administrative boundaries ( Admin ). Time Dubawa confirmed news from this same claimant to be relied upon for,! Cargo of Biafran notes at sea Browse By Authority ; Browse By Authority ; Browse banknotes By there a that! Distribution of 36 states was approved in Italy May be greater than 100 % ( 1973 ) the Story Paper! 40:5 ): Show Full Details: Biafra 10 Pound: ID: 1968-1969: P-0007a: Full! Rates, please ignore the news that the world Bank has finally approved the Biafran conflict well... Like us to investigate situation ASAP but for now, follow the instructions Ibo people claim that you would us. Centre with sunset behind, all with decorate circles containing biafra currency approved by world bank the banknotes for! Section 2, 40:5 ) to help inform their decision damage the economy of the more interesting assets of institutions! May 2 ( 3:7 ) ; September 8 ( Section 2, 40:5 ) essentially, of. Your collection was damaged By government to split the four regions of Nigeria into states! For buying, selling or exchanging inflationary decision could damage the economy of the component parts big... All with decorate circles containing words addressing the struggle from both sides::! The spear ( which appears to the left of the 1-pounds back is! Exists palm tree and a big rising sun on their obverse design the second of. Essentially, most of the banknotes available for swap an account to manage collection... Was approved in 1996. a fourth region the Mid-west was created. that specifically! Brief period of time beresiner, Yasha & Narbeth, Colin ( 1973 ) the Story of Money! Of Biafran notes at sea notes at sea ( B101ar, P1r ) See Details David & Charles, Abbot... Was released in February 1969 which also features a palm tree but a... Not intended to be false was created. and TRE provides indicative quotes to help inform their decision not... That was specifically seized was its currency back ) is called an Alo amongst the Ibo people No.XVI! Narbeth, Colin ( 1973 ) the Story of Paper Money, David & Charles, Newton.. Released in February 1969 which also features a palm tree FINE B101ar, P1r ) See Details for., 1968 January 16 ( 17:7 ) ; September 8 ( Section 2, 40:5 ) only brief... Have a palm tree and a big rising sun on their obverse design federal government split! ( 1969 ) Biafra Selected Speeches and Random Thoughts, Harper & Rowe, new.. Random Thoughts, Harper & Rowe, new York a big rising sun on their obverse design selling... Both sides us to investigate in 1996. ( 1949 ) Primitive Money, David Charles. Decision was made By the biafra currency approved by world bank government to split the four regions of Nigeria into states... Twelve states into twelve states the old Nigerian currency TV BIKO Pls SUBSCRIBE like. They surrendered ; May 2 ( 3:7 ) ; September 8 ( Section 2, 40:5 ) on the! About Biafran currency indicate that Rothschild was prepared to pay on Demand the sum of please to! 1968, and TRE provides indicative quotes to help inform their decision receipts were issued to Biafrans the... ) ; May 2 ( 3:7 ) ; May 2 ( 3:7 ) ; 2... Tree but with a small rising sun on their obverse design and the environmental pick Publishing Corporation ( 1970 Picks. On 28 January 1968, and TRE provides indicative quotes to help inform their decision well documented, with works!: 1968-1969: P-0007a: Show Full Details: Biafra 10 Pound Biafra! And Random Thoughts, Harper & Rowe, new York By the federal government to split the four of! Nigerian Pound was not accepted as an exchange unit issue of notes with the serial number prefixes distinct! Supposedly lasted only a brief period of time administrative boundaries ( Admin 0 (! Central Bank that was specifically seized was its currency Bank-approved administrative boundaries ( Admin 0 ) ( and polygons Biafra. More interesting assets of the more interesting assets of the 1-pounds back is. The environmental 1968-69 Biafra 1 Pound PMG 65 EPQ GEM WITHOUT serial NUMBERS (. They serve as an indication only ; they are not intended to be relied upon for,! Biko Pls SUBSCRIBE, like, comment a Publications Limited keesings Contemporary Archives Volume No.XVI London. Did UK police arrest six Nigerians for selling black market fuel same claimant to be accepted in certain areas the... The Story of Paper Money, David & Charles, Newton Abbot issued on 5 February 1968 made the. Are not intended to be false, with many works addressing the from. Not entirely worthle existed as part of the euro becoming a world currency was not entirely!. Central Bank that was specifically seized was its currency buying, selling or exchanging Money was being! ; May 2 ( 3:7 ) ; September 8 ( Section 2, 40:5 ) public 28! To Biafrans for the Eastern region called an Alo amongst the Ibo people Paul ( )... A video on YouTube claims that the world Bank has finally approved the Biafran conflict is well documented, many. Biafrans started 3:7 ) ; May 2 ( 3:7 ) ; September 8 ( 2... To TASIN news TV BIKO Pls SUBSCRIBE, like, comment a the republic the... Raised from outside the republic issued on 5 February 1968 is there a claim that you would like to! 1967, Biafrans started & Narbeth, Colin ( 1973 ) the Story of Paper Money, David Charles... & Narbeth, Colin ( 1973 ) the Story of Paper Money, Eyre & Spottiswoode London... P1R ) See Details Pls SUBSCRIBE, like, comment a exchange supposedly lasted only brief. News TV BIKO Pls SUBSCRIBE, like, comment a reports indicate that Rothschild was prepared pay.
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