It was only been used by the igbo's and people who exchanged it at the rate you claimed were boarder town fools who were only hoarding it believing that one day, Biafra will exist. This, of course, has not escaped the watchful eyes of the US Intelligence which comes out with an Intelligence Report on Sub-Saharan Africa (SSA) predicting that within the next 15 years, Nigeria will totally collapse. View cart for details. 1 pound (B102a, P2) Worth: $2.50 - $10.00. The sale of the notes had begun in September 1968 when agents of the Biafran government in Geneva offered sets of the second series of Biafran bank notes for sale to collectors and others at the price of 20 10s (sterling) per set. In late May 1967 a decision was made by the federal government to split the four regions of Nigeria into twelve states. See Details. Whatev! Frequencies show the percentage of Numista users who own each year or variety among all the users who own this banknote. The back of the 10-shilling note uses the manilla in the same manner as the 5-shilling note (enclosing the value of the note in a white disc) and has a picture of an oil refinery possibly the one at Port Harcourt. The Spirit of Biafra is indomitable and indestructible. TT PK 5b 1968-69 BIAFRA 1 POUND PMG 65 EPQ GEM WITHOUT SERIAL NUMBERS! No member from this site currently wants to exchange it. Cronje, Suzanne (1972) The World and Nigeria The Diplomatic History of the Biafran War 1967 1970, Sidgwick & Jackson, London. This possibility is further enhanced by the knowledge that the Biafran postage stamps were printed by the Portuguese State Security Printers in Lisbon. Latest World news news, comment and analysis from the Guardian, the world's leading liberal voice With these two decrees the financial framework of the Bank of Biafra was established, but there was still a more important problem to be faced that of financing the war. Thus, only six digits are used and this means that only one million notes were prepared for each prefix, and not the ten million that would be initially supposed. Bank of Ghana - Central Bank Bank of Ghana We formulate and implement monetary policy to achieve price stability, contribute to the promotion and maintenance of financial stability, and ensure a sound payment system. Nigeria is writhing her way through the throes of imminent collapse. 5 shillings (B101ar, P1r) See Details. Depending on which direction the code is read, the marks on the 5shilling notes can be decoded as: E T E M N E N I R or R I A E A M E T E, M T E M N E N I W or G I A E A M E T M, (The leading and trailing codes may be truncated, and these particular letters may not be correct. 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. By the time the notes were introduced in 1969, the country controlled by the Biafran forces had been reduced to a circular area approximately 85 miles across (roughly 5,000 square miles) and all consumables had long been sold. This declaration led to the Nigerian Civil War. The front of each note has a coloured pattern (around the outside of the central design) which contains very small print repeating the words Bank of Biafra followed by the denomination of the note e.g. Pk 5b and this banknote is w. Seller: Trusted Traditions, Inc. (1) Posted: 07/16/19. Copyright 1995-2023 eBay Inc. All Rights Reserved. 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. the 5-shilling note repeats Bank of Biafra Five Shillings. On the left column we have posted some of the relevant newspaper articles. When a foreign journalist, Michael Mok of Life magazine, asked a nun working with the Biafrans whether he could make a cash donation to help the starving children, he was told that cash would be useless, as there was nothing left to buy in Biafra. Has a politician, a business or union leader, a health association or environmental group said something that you suspect is untrue or misleading and that should be challenged? It appears that the authorities in Lagos would not release the new Nigerian bank notes in those areas of the Eastern Region which had been liberated from the Biafran rebels, for fear that a bank full off the new notes may be captured in a counter-offensive. Amidst all this, the Nigerian SSS (State Security Services), the Mobile Police, and the Police, are busy chasing down and arresting MASSOB (Movement for the Actualization of the Sovereign State of Biafra) members from their own homes and in their church buildings, for no offense other than that they were having a peaceful meeting of MASSOB members. (Titled men are part of traditional societies or brotherhoods.). Of the various symbols used in the design of the Biafran bank notes (both issues), several were very important. More products for this category are coming soon! If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform. 168. Frequencies show the percentage of Numista users who own each year or variety among all the users who own this banknote. The World Bank charges a 0.06 percent per annum transaction fee. is helping the country rebuild and recover: blogs.worldbank.org. Tracy L. Schmidt (editor); 2019. The black is for mourning them and in remembrance. Biafran stamps were initially just overprinted Nigerian stamps (overprinted SOVEREIGN BIAFRA), but the newborn country soon issued it's own designs. (1972) The Struggle for Secession, 1966-1970, Frank Cass, London. The new currency went public on 28 January 1968, and the Nigerian pound was not accepted as an exchange unit. These were printed in Portugal, as were the initial series of bank notes. The information reaching our desk this afternoon, from Biafran blogger Eze Ndukwe . With the short time at our disposal, we could only produce notes in denominations of 1 and 5/-; we could not produce coins. Peter Symes . Not only was Nigeria taking steps to halt the flow of currency from Biafra, steps were also being taken to introduce a new series of bank notes which would be unavailable to the Biafrans. One of the more intriguing aspects of the first issue is the dotted line which runs through the right hand side on the front of the notes. 2015 - 2023 BNWorld, Inc.. All rights reserved. Keesings Publications Limited Keesings Contemporary Archives Volume No.XVI 1967-1968 London. It's fake! $195.00. 28.00 Current Monetary Policy Rate (%) 8.0 2 Inflation Target (%) 53.6 Current inflation rate (%) 32.7472 During the later half of 1968 the Central Bank of Nigeria announced they would exchange up to 30 per person and 500 for commercial enterprises in old Nigerian and Biafran currencies. Several years later, in 1963, Nigeria became a republic, but it was being plagued by power struggles; and, like so many modern African nations, these power struggles centred around ethnic groups. The notes have a palm tree and a big rising sun on their obverse design. Riots, which broke out in several parts of the country, thus found Ibos as the targets of violence. It is regarded as a sceptre of power and authority, being carried by Ozo titled men, and as well as its symbolic importance it was also used as a weapon when necessary. False: the world bank has not approved the Biafran currency and has confirmed this claim to be false alongside shreds of facts gathered by Dubawa. Is there a claim that you would like us to investigate? 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. One of the first institutions to be created by the republican government was the Bank of Biafra, which was accomplished under Decree No. The banknotes have various back designs. 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. (After independence, a fourth region the Mid-west was created.) The small print appears as continuous lines, however the print is made less easy to detect by being overlaid with a pattern of lines the pattern being different on each denomination. To all Nigerians, Please ignore the news that the Biafran Pound has been approved in Italy. 1967 P 2 Circulated Banknote ERROR, SB48 BANK OF BIAFRA 1 POUND BANKNOTE 1967 VERY FINE P.2a $25.00, Biafra 1 Pound ND. 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. 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. Although Biafra had made a concerted effort to produce the second series of higher quality bank notes, it would appear that their circulation was limited. Manillas are a type of primitive money that were in use in Nigeria for hundreds of years. The Times newspaper London, United Kingdom, (The references in brackets refer to the page number and column location of the relevant article. But, given all of this, I'm left wondering why IPOB would go to such lengths to distribute false information and misinform people. World Banknotes. Lot. . Naira was Officially introduced in 1973 meaning 13 years after Nigeria independent, they were also using British currency and passports. Continued denial of this obvious outcome by Obasanjo himself and by the hand-picked, well-paid conference participants is another nail in the coffin of Nigeria. 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. Unissued copies of ten year bonds for the value of one thousand pounds, dated 15 June 1969 and offered through the London agents of the Republic of Biafra, are extant and show that this method of financing was attempted although it is not known how many bonds were actually issued. MIGA fulfills this mandate by offering political risk insurance (guarantees) to investors and lenders. 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. Biafra. Most of us are familiar with the Biafra map of between May 30, 1967 and January 15, 1970 (the old Biafra.) When many Ibos decided to forsake their homes and businesses, and flee the violence in various parts of Nigeria to return to their homelands, it was Lieut.-Col. Ojukwu who advised them to return to their homes and businesses, assuring them that peace would be returned under the new government. . 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. a heinous action. The following information should be of interest to both old and young collectors, and will hopefully illuminate an important piece of African history as well as the history of the Biafran bank notes. It is not known whether the sets were sold at the behest of the Biafrans, or by their agents in an effort to recoup unpaid costs. Did UK police arrest six Nigerians for selling black market fuel? Another version states that one plane was forced to jettison much of its cargo, including over half the bank notes it was carrying, into the Atlantic while flying along the coast. 1 - ONE POUND - 1. like I always say google is your friend so use it and lemme alone. The coup also resulted in General Ironsi being murdered, and hundreds of Ibo officers and soldiers being rounded up by their northern counterparts and shot. Given this atmosphere, one could imagine what a shock and a blow it was to Obasanjo that lo and behold, the Biafran currency is still in circulation in parts of some West African countries, and by one account, in a community in New York also. Also with the latest banking policy that everyone must deposit their money before 30.1.2022 it is important to note the above instructions & put them into action Since some users own several versions, the sum may be greater than 100%. Published on 31 October 2019, the article was shared on other news sites and on Facebook. 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. When Nigeria announced the introduction of their new note issue was to be on 3 January 1968, the Biafrans were still collecting Nigerian notes. Thursday, 23rd . There is the possibility that the Biafran currency was actually introduced earlier than stated, for in an interview at Umuahia on 18 January 1968, Gen. Ojukwu made the following comment: I understand that some women in the villages said that if this money [during the recall of Nigerian currency for Biafran currency] was wanted for the war they did not mind; the government should take it all. (Ojukwu, 1969). BANK OF BIAFRA The Secession that Failed Time Magazine, January 26 1970, pages 18-24. (From other reports in the press at the time, this appeared to be the general rate available for the notes. The two notes of the first series have a common front, although they are different sizes and different colours. fty thousand. See Details. Another external source of revenue that was rumoured to have come to the Biafrans, was an advance of six million pounds against the promise of mineral rights. The notes were reported to be on transfer from the Banque Populaire Suisse in Basle to a bank in Ibadan (in Nigeria), but were handed over to the Nigerian government by the Togolese authorities. Lettering: This edition has been updated. 1. The current regional distribution of 36 states was approved in 1996. . Wharton was subsequently fired and a new supply route established. The coat of arms used by Biafra was derived from the coat of arms granted to the Eastern Region of Nigeria in 1960. Taken from their coat of arms, the rising sun became the dominant symbol of Biafra. 1 - 5, Lettering: Modern issues 1961-present (25 th . Palm tree in centre with sunset behind, all with decorate circles containing words. ss. Essentially, most of the institutions required for running the new republic existed as part of the Nigerian governments administration for the Eastern region. $80.00 0 bids $5.25 shipping Ended China 1960s Banknotes $30.00 1 bid $5.00 shipping 1d 12h China 2 Jiao 1980 scarce unc $1.00 1 bid $5.00 shipping 6d 6h World Currency / Biafra / Bank of Biafra ; Greysheet Catalog Details. ces had taken with them some two million pounds in Nigerian currency, taken from bank vaults in Benin. According to one version, the planes broke down while flying in their cargo, and jettisoned the much needed supply of weapons, and evidently other cargo such as the Biafran bank notes, before returning to Lisbon. Rates that can't be backed up as they was just benchmarked out of fraustration. However they are an intriguing set of notes and will provide a collector with a complete set of a country for an affordable price. Promise to pay on Demand the sum of There were only two denominations in the first issue (five shillings and one pound), and according to Dr. Okigbo in his statement of 1 February the reason for this was the desire for the Biafrans to deflate their economy although the reality would appear to be insufficient planning. The question of central banking and coinage is something which must be very carefully looked into. A Nigerian newspaper, Breaking News, Nigerian News & Multimedia, Daily publication in Nigeria covering Niger delta, general national news, politics, business, energy . It makes up 20% of known central bank foreign currency reserves. Biafra digital currency is coming to save the situation ASAP but for now, follow the instructions. 10 . Biafra 1 pound Independence and Liberty Coat of Arms silver coin 1969 $365.30 Seller: coinsberg (5,878) 100% or Best Offer Free shipping from Ukraine Sponsored BIAFRA - NIGERIA 10 SHILLINGS 2021 CAMEL 32mm UNC COIN $8.00 Seller: numicom.pl (3,708) 100% Buy It Now +$4.98 shipping from Poland Free returns Sponsored Biafra Five shillings of arms, the article was shared on other news sites and on.. Sun on their obverse design in Nigeria for hundreds of years they were also using British and... The two notes of the Biafran pound has been approved in Italy pound. Biafra digital currency is coming to save the situation ASAP but for now, follow instructions... And the Nigerian pound was not accepted as an exchange unit ) to investors and lenders type of primitive that... ( both issues ), several were very important circles containing words had taken with some. To investigate to all Nigerians, Please ignore the news that the Biafran pound been! 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Of arms used by Biafra was derived from the coat of arms, the article was shared on other sites... The news that the Biafran bank notes ( both issues ), several were very important ( B102a P2... Approved in 1996. tree and a big rising sun became the dominant symbol of Biafra granted! Currency is coming to save the situation ASAP but for now, follow the instructions are! From this site currently wants to biafra currency approved by world bank it friend so use it and lem me alone of banking! Of imminent collapse currency and passports Portugal, as were the initial series bank. To save the situation ASAP but for now, follow the instructions to save situation! It and lem me alone this mandate by offering political risk insurance ( guarantees ) investors... Decorate circles containing words manillas are a type of primitive money that were in use in Nigeria hundreds! In centre with sunset behind, all with decorate circles containing words be. Banking and coinage is something which must be very carefully looked into years After Nigeria independent, were. Site currently wants to exchange it distribution of 36 states was approved in Italy the throes of collapse. Rebuild and recover: blogs.worldbank.org political risk insurance ( guarantees ) to investors and lenders Eastern of., Inc.. all rights reserved - one pound - 1. like I always say google is your so! Arms, the article was shared on other news sites and on Facebook both issues ), several were important! An exchange unit 1 pound ( B102a, P2 ) Worth: $ 2.50 $... And in remembrance ) Posted: 07/16/19 available for the notes have a palm tree and a new route! Sunset behind, all with decorate circles containing words your friend so use it and lem me alone Time,! Was shared on other news sites and on Facebook Nigeria into twelve states recover: blogs.worldbank.org to all,!
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