GODWIN I. EMEFIELEGOVERNORCENTRAL BANK OF NIGERIA
November 2014
Why Issue a New Banknote?
Central banks issue new banknotes for two main reasons:
Normally, to replace notes that have lost their counterfeit resilience; and
Occasionally, to commemorate epochal events.
The new N100 banknote is being issued to commemorate our 100 years as a single united nation.
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Examples of Commemorative Banknotes Morocco—to celebrate 25 years of the
country’s banknote production company.
Russia—to mark 100 days before 2014 Olympics.
Costa Rica—to celebrate 100 years of independence.
Belize—to celebrate 30th independence.
Kuwait—to celebrate 10th anniversary of the liberation of Kuwait.
Nigeria—to mark 50th independence.
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The new N100 Centenary Banknote
It is in this spirit that the Central Bank of Nigeria is joining the nation in celebrating 100 years of our amalgamation by issuing a new banknote.
I am very proud to inform you that this note is a first of its kind in many respects. It has been designed and produced with the most advanced security technology in the world.
Security features and quality profile of the note
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Design of the new Banknote
The design is premised on the following:
Security—resistance to counterfeiting
Durability—tolerance to tropics
Attractiveness—for use in Cash-driven economy
Heritage— collective memory of Nigeria
Transformation—First paper banknote with digital features
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Security Features of Front Side
Windowed Micro-optics features
Spark Features—with the slave
money in manila in a rolling bar
Retention of Chief Obafemi Awolowo’s portrait—in intaglio
Raised embossed line for the visually impaired
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Security Features of back Side
QR Code—Incorporated to make note digital and store significant information that highlights our 100 year journey.
This feature makes the note the first smart-connected paper banknote in the world using smartphones as identity and security tool for de-encryption of information.
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Front side of Commemorative Banknote
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Back side of Commemorative Banknote
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