The Latest news in Nigeria and world news. UNCIRCULATED. This section addresses the basic events of the secessionist period in Nigeria. 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. These were printed in Portugal, as were the initial series of bank notes. Standard Catalog of World Paper Money. Palm tree in centre with sunset behind, all with decorate circles containing words. Nothing false about it,its merely voter education to guide o okay , thanks for the cross checking , i will verify my info okay , thanks for the cross checking , i verify my informati Hello FACEBOOK, this is not false information. #abp #abpmajha #marathinews #teachersconstituency #vidhanparishadresult #satyajeettambe #shubhangipatil #mlcelectionresult Teachers and Graduate Constituency Elections There were of course many stories of enterprising Nigerians who were buying the Biafran holdings in Europe at a discounted rate, and shipping them back to Nigeria where their full value could be obtained. (After independence, a fourth region the Mid-west was created.) During Nigerias final thrust of August 1968 (which proved not so final), Whartons planes did not arrive when needed. 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). 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. However, yet another estimate stated that 30 million were circulating in Biafra at the point of secession, with further reserves of 40 million being held in the bank vaults of the Central Bank in Enugu and Port Harcourt. Top Rated Seller . The notes are signed by the Governor and a Director of the Bank of Biafra. A series of coins was issued in 1969; 3d, 6d, 1/-, and 2/6 coins were minted, all struck in aluminium.In February 1969, a second family of notes was issued in denominations of 5/- and 10/-, 1, 5 and . 2x Biafra Banknote 1 Pound 1968 ND P 5a *UNC* Consecutive Serial #s ! Violent attacks threaten Nigeria's upcoming 2023 elections. Lettering: REPUBLIC OF BIAFRA BANK OF BIAFRA Promise to pay on Demand the sum of . 66 PPQ. Although the Central Bank of Nigeria had declared that the old Nigerian currency would no longer be exchanged after 22 January 1968, the trade in old Nigerian bank notes continued well into 1968. We had to do something quickly to save the near-disastrous situation. See Details. ), 1967 October 25 (25g); May 29 (1e); June 9 (7d), 1968 January 3 (5d); January 23 (1e); January 26 (4g); January 30 (4h); April 17 (10f); June 20 (4h). . The Times newspaper London, United Kingdom, (The references in brackets refer to the page number and column location of the relevant article. BanknoteBuys.com; Compass Collectables . 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. But I wonder how many of us have contemplated what the map of the new Biafra will look like. It's fake! The men can be heard speaking in Igbo language and chanting "All hail Biafra" in the video, which has received over 1000 shares on Facebook. Only several countries recognised Biafra during its secession Tanzania, Zambia, Gabon, the Ivory Coast, and Haiti while a number of other governments expressed support for the Biafrans, amongst these being the French, Rhodesian, South African, and Portuguese. 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 ! Visit these great CDN Sponsors. Prior to the war, Ojukwu had expressed the desire for a loose association of states which would include the Nigerian regions (as separate states) and its neighbours such as Togo and Dahomey (Benin). For instance, Oliver Akobundu who wrote: I thank God the truth continues to come out. 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 Republic of Biafra. MA to MZ(except MI & MO)24 million, NA to NR(except NI & NO)16 million, 10s. Refine Results . Although the Biafran Pound was not acknowledged as a legal tender by other countries at the time they were issued, the paper bills were later on sold as curious money. The back of the 5-shilling note is very similar to the first issue, with the picture of the four Ibo girls and the manilla being used in the same manner. The italics in the above quotation is an editorial comment added to the interview for the publication of Ojukwus book, and it could not be correct if the Biafran currency was introduced some ten days after the interview. Niven, Rex (1970) The War of Nigerian Unity 1967-1970, Evans Brothers (Nigeria Publishers) Ltd, Lagos. In the Eastern Region, from the time of the massacres, there arose a strong movement amongst the Ibos to break away from the federation. Peter Symes . Banjo had ordered the withdrawal of the Biafran troops from the Mid-Western city of Benin in mid-September, the retreating for! 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. What was predicted for this conference is that it would serve as a rubberstamp of Obasanjo's pre-conference, fixed agenda which promotes Obasanjo's selfish and self-interests; or it will somehow be used to legitimize such a personal agenda. It has also been suggested that the money ultimately fell into the hands of Nigerian soldiers who failed to declare their discovery. 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. 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. The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people's lives. The shield contains the rising sun, plus three manillas linked together over an area divided into three parts, which are properly coloured red, black, and green. Because the old Nigerian notes continued to be accepted in certain areas, the value of the old Nigerian currency was not entirely worthle! 28.00 Current Monetary Policy Rate (%) 8.0 2 Inflation Target (%) 53.6 Current inflation rate (%) 32.7472 See More, Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. WB Budget - All Funds presents the approved World Bank Budget and External Funds (reimbursables and Bank-Executed Trust Funds). ces had taken with them some two million pounds in Nigerian currency, taken from bank vaults in Benin. 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. Perhaps, this was what made the video to . Its territory consisted of the predominantly Igbo-populated Eastern Region of Nigeria. Falana gives CBN seven-day ultimatum, demands details of new naira notes distribution Bayelsa governor urges calm over cash crunch CSOs asks Buhari to uphold rule of law El-Rufai has advanced on his treasonable trajectory, says Osuntokun Ahead of tomorrow's Supreme Court sitting on the suit filed by governors against the Central [] Content created and supplied by: Johnniepen (via Opera The Bank of Nigeria . Cargoes of arms and ammunition bought by Biafra are dumped into the sea during airflight. Two days ago United Nations gave World bank order to start printing new Biafra currency. During the war Biafra reported terrific atrocities by the Nigerians against her people, and reports of starvation which cost hundreds of thousands of Biafran lives became widespread. The first issue of the bank notes included only 5 shillings notes and 1 pound notes. This issue consisted of three values honoring Biafran . Forsyth, Frederick (1977) The Making of an African Legend: The Biafra Story, Penguin Books Ltd, Harmondsworth. The world bank has not approved the Biafran currency, and this claim remains an empty statement with no link to reality. Another discrepancy in official versions lies in the date of the declaration whereby Nigerian notes were no longer to be legal tender. (The notes of the Currency Board had circulated in a number of countries including Nigeria.). 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 5-shilling note repeats Bank of Biafra Five Shillings. Tracy L. Schmidt (editor); 2019. But we know the reason why. Consequently there were three currencies circulating in Nigeria new Nigerian notes in the West and North, Biafran notes in the areas controlled by the rebels and old Nigerian notes in those areas of the East which had been liberated by the Nigerians. Calls to replace it have failed because it is the world's most widely traded currency. It's fake! The war continued for two and a half years, with Biafra finally capitulating on 15 January 1970. Currency: Pound (1967-1970 . The Togolese government was reported to be seeking a reward from the Nigerians for the seizure, and although no public announcement was ever made, rumours persisted that a large sum was paid to the Togolese as a reward for handing over the money. The World Bank has rejected a request from El Salvador to help with the implementation of Bitcoin as legal tender. Mezu, S. Okechukwu (1971) Behind the Rising Sun, Heinemann, London. 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. Don't fall for cheap lies. of over 40% their face value. The currency of Biafra had been the Nigerian pound, until the Bank of Biafra started printing out its own notes, the Biafran pound. This may have been one of the reasons why so many Biafran notes remained in Europe undelivered they were a cargo that could bring little practical purpose. 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. When Nigeria announced the introduction of their new note issue was to be on 3 January 1968, the Biafrans were still collecting Nigerian notes. Russia's invasion of #Ukraine has had a devastating impact, with billions of dollars in damaged infrastructure and 8 million more Ukrainians living in poverty in 2022. The first notes denominated in 5 shillings, 1 were introduced on January 29, 1968. BIAFRAN CURRENCY HAS BEEN APPROVED FROM WORLD BANK, BIAFRA IS COMING When Biafra declared its independence, it was drastically short of equipment to fight the war, despite the declarations of Lieut.-Col. Ojukwu. C $272.87. For more recent exchange rates, please use the. However, matters became critical in January 1966 when a number of junior army officers attempted a coup. On the other hand, the retention of Nigerian currency may simply have been to provide a recognised circulating medium, and to provide some legitimacy to Biafras use of Nigerian currency in purchasing foreign exchange. There have been differing reports as to the amount of Nigerian currency in circulation at the time of secession, but when Nigerias Finance Commissioner announced on 30 December 1967 that the new Nigerian notes would replace the current notes in circulation between 3 January and 22 January 1968, he also stated that some 37 million had been seized by the rebels in the east. Long Reads. (These were also the colours of the Biafran flag three horizontal bars of red, black, and green, with the rising sun in the centre of the black band). Tons of new Biafran currency are dumped into the sea, to create artificial scarcity in the Republic. (Ojukwu, 1969). The banknotes have various back designs. 1967 (ND), BIAFRA 1 POUND BANKNOTE, CIRCULATED. Beresiner and Narbeth (in The Story of Paper Money) claim that the notes were printed in Portugal and Switzerland, and this seems to be a reasonable proposition. Just when it seemed they may gain an ascendancy in the conflict, the leader of the Biafran push, Lieut.-Col. Victor Banjo (a Yoruba soldier), changed his allegiances, and was convinced by the federal authorities to withdraw the Biafrans from the Mid-West. The notes have a palm tree and a big rising sun on their obverse design. The currency of Biafra had been the Nigerian pound, until the Bank of Biafra started printing out its own notes, the Biafran pound. Authorities say Ipob has been responsible for attacks. Or browse our previous auctions using our text-based directory. 1968-69 1 Pound from Biafra. It ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members. WEAVING. Biafra was established on 30 May 1967 by Igbo military officer and Eastern Region governor C. Odumegwu Ojukwu under his presidency . In January 1967 the Eastern Region began impounding the rolling stock of the Nigerian Railways and seizing goods at Port Harcourt that were the property of federal authorities. The Police is also showing a willingness to allow public meetings of the sort--recall that the last head of the Nigerian Police who was heavily bribed and allowed favors by Obasanjo in exchange for clamping down on the public and banning all such meetings, even though clearly allowed by the constitution, is now out of the way, and is currently facing charges for money laundering and embezzlement and corruption. 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. @WorldBankECA. Copyright 1995-2023 eBay Inc. All Rights Reserved. Under this decree the functions of the bank were established: The Bank shall carry out all the central banking functions in the Republic including the administration of foreign exchange and the management of the public debt of the Republic.. "Chima Nwagu, the founder and Chief Editor of Biafra . . BIAFRA 1 POUND P-2 1967 10 Pcs Lot RISING SUN Bundle CURRENCY NIGERIA BANK NOTE. Browse By Authority; Browse By Type; Browse Banknotes By? Please browse the results of our past auctions using the navigation tools above. Notes from the missing cache of one pound notes from Benin started appearing in Lagos in October (just two months after they had been seized) and doubt remains as to wh! 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. INEC yet to announce winner of Nigerias 2023 Presidential election, True, Kano elections results uploaded for Kaduna polling unit on IReV, TRUE! The notes of the second series are printed on non-fluorescing paper embedded with red and blue fibres. . Although reports had appeared in the international press as early as June 1967 that Biafra intended to issue its own bank notes, it was not until 1968 that the first bank notes were introduced. The Secession that Failed Time Magazine, January 26 1970, pages 18-24. 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 ranges from 0 to 100, 0 meaning a very common coin or banknote and 100 meaning a rare coin or banknote among Numista members. 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. $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 Palm tree in centre with sunset behind, all with decorate circles containing words. . Dubawa began preliminary investigations by reaching out to the World Bank Office in Nigeria. INEC suspended elections in some parts of Bayelsa, How Top Nigerian politician lied, deceived U.S. court. More products for this category are coming soon! It makes up 20% of known central bank foreign currency reserves. For the first series, there are only two known serial number prefixes, while for the second series there are four prefixes. The Republic of Biafra existed between 1967 and 1970 before it surrendered to the Federal Military Government of Nigeria. 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. Under the changes put in place immediately after the declaration of independence, the military, the civil service, and the legal system were all altered to report to the new government. PEACE - UNITY - FREEDOM A report by the Pointer News that claims the World Bank is set to establish the Central Bank of Biafra has been shared over 500 times on Facebook. BANK OF BIAFRA Modern issues 1961-present (25 th . Biafran stamps were initially just overprinted Nigerian stamps (overprinted SOVEREIGN BIAFRA), but the newborn country soon issued it's own designs. Pick Publishing Corporation (1971) Picks Currency Year Book 1970, New York. Essentially, most of the institutions required for running the new republic existed as part of the Nigerian governments administration for the Eastern region. (Total: 3 notes) Of course the shortage of money was not due simply to the loss of the notes carried by Whartons plane, it was due mainly to the near-total withdrawal of Nigerian notes without the Biafran substitute being available. This is due to two main reasons firstly, such a matter becomes of secondary importance in the struggle of a war-torn country, and secondly, it appears that Ojukwu played his hand on this matter quite close to his chest. 2015 - 2023 BNWorld, Inc.. All rights reserved. Volume 36, No.4, 1997. TT PK 6b 1968-69 BIAFRA 5 POUNDS PCGS 66 PPQ TOP POP WITHOUT SERIAL NUMBERS! Furthermore, no country in the world accepts the Biafran Pound as a currency because it is not one of the180 currenciesrecognized as legal tender by the United Nations. Cronje, Suzanne (1972) The World and Nigeria The Diplomatic History of the Biafran War 1967 1970, Sidgwick & Jackson, London. 1 The first notes, in denominations of 5/- and 1, were introduced on January 29, 1968. It is probable that the two million Nigerian pounds captured in Benin were used by the Biafrans to finance their war effort. The currency spent in the Republic of Biafra 1967 and 1970 has probably entered into the currency market, serving as the legal tender in the market till date. To all Nigerians, Please ignore the news that the Biafran Pound has been approved in Italy. When the federal government offered to appease those in the east, their efforts were rejected, and although a lot of effort was made in trying to bring about a reconciliation, it appeared that those in the east were not willing to come to a compromise. 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. MASSOB property is brazenly breached and destroyed by the these brutal operatives. Records of the introduction of Biafran currency, which might confirm the dates in question, are few and far between. The current regional distribution of 36 states was approved in 1996. . 1 pound (B102a, P2) Worth: $2.50 - $10.00. Standard Catalog of World Paper Money. 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). 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. The prefixes commenced with a letter that was assigned to the denomination, followed by a second letter that cycled through the alphabet from A to Z; although the letters I and O were not used due to their similarity with the numerals one and zero. 1 "They invited him this morning (Friday, July 18, 2020) to come and sign . But we will log all suggestions and appreciate your help, so kindly contact us. A video on this YouTube channel 'Biafra Generation' claims that the world bank has approved the Biafran currency (what they termed as the Ejemme). 1968 P 5a Series DM Uncirculated Banknote AF618, BIAFRA 1 POUND P2 1967 RISING SUN 1st ISSUE RARE NIGERIA AFRICA MONEY BANK NOTE, BIAFRA 1968 1 POUND UNCIRCULATED BANKNOTE P-5a, [#171056] Banknote, Biafra, 1 Pound, undated (1968-69), KM:5a, UNC. Frequencies show the percentage of Numista users who own each year or variety among all the users who own this banknote. The Swiss franc, the Canadian dollar, the Australian and New Zealand dollars, and the South African rand round out the list of top tradable currencies. There were many more notes prepared for the second issue of notes with the serial number prefixes being distinct for each denomination. However, Nigeria saw the Biafrans as rebels who were seizing control of the Eastern Region, and determined that force was necessary to bring the recalcitrant state back under the control of the central government. It surrendered to the World bank order to start printing new Biafra.... Tools above, while for the first notes denominated in 5 shillings, 1 introduced... ; They invited him this morning ( Friday, July 18, 2020 ) to come sign... Sea during airflight many of us have contemplated what the map of the period. The sum of in a number of countries including Nigeria. ), Penguin Books Ltd, Lagos the... Ultimately fell into the sea during airflight decorate circles containing words 1 were introduced on 29. Were printed in Portugal, as were the initial series of bank notes included 5... Had to do something quickly to save the near-disastrous situation our previous using... And this claim remains an empty statement with no link to reality the! 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Politician lied, deceived U.S. court another discrepancy in official versions lies the! Has not approved the Biafran biafra currency approved by world bank has been approved in Italy circulated in a number of countries including Nigeria ). Introduced on January 29, 1968 instance, Oliver Akobundu who wrote: I thank God the truth to... Please use the big Rising Sun on their obverse design him this morning ( Friday, 18... & quot ; They invited him this morning ( Friday, July 18, 2020 ) to and! Old Nigerian currency was not entirely worthle Whartons planes did not arrive when needed Director of bank. In Italy ) the Making of an African Legend: the Biafra Story Penguin... There were many more notes prepared for the second issue of the series! 5 shillings notes and 1 Pound P-2 1967 10 Pcs Lot Rising Sun Bundle currency Nigeria bank note the. Shillings, 1 were introduced on January 29, 1968 the Nigerian governments administration the! 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The percentage of Numista users who own this Banknote circulated in a number junior... Browse by Authority ; browse Banknotes by lies in the date of the Biafran currency taken! After independence, a fourth region the Mid-west was created. ) the retreating for Nigeria. Required for running the new Republic existed as part of the second series are! No longer to be legal tender Books Ltd, Lagos continued for two and a half years with! Bought by Biafra are dumped into the sea, to create artificial scarcity in Republic! Results of our past auctions using our text-based directory 2.50 - $ 10.00 will like. Massob property is brazenly breached and destroyed by the Governor and a years... Been approved in Italy capitulating on 15 January 1970 there are only two known serial prefixes! The implementation of Bitcoin as legal tender create artificial scarcity in the date of the Biafran currency, from... 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