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. The first issue of the bank notes included only 5 shillings notes and 1 pound notes. 1. The reports indicate that Rothschild was prepared to pay twelve shillings and sixpence in British currency for each Nigerian pound. AC12- Biafra 1967 1 pound note P-2 Palm tree & rising sun / Back: Coat of Arms, BIAFRA 1 POUND P-5 1968 x 50 Pcs Lot 1/2 BUNDLE NON EXISTING UNC MONEY BANK NOTE, Banknote Biafra P5a 1 Pound, Combined Shipping, BIAFRA 1 Pound, 1968-1969, P-5, Banknote, UNC World Currency, Biafra 1968-69 1 Pound Bank Note Gem Unc 66 EPQ PMG, 1968-1969 Biafra 1 Pound - Uncirculated - P#5a, Biafra 1 Pound (1968) Pick 5a UNC 0303333, 1969 biafra 1 silver pound stunning color , very rare km6, Bank of Biafra One (1) Pound Note (Extra Fine), Biafra 1 Pound ND. 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. These Swiss connections support the argument of one or more issues being printed in Switzerland. When Biafra gained its independence, the Biafran Pound became the independent sovereign states currency with the introduction of the first banknote denominations of 5 shillings and1 pound on January 29, 1968. Lot. 5 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. ), 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). 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 [] The cases were due to be loaded on a flight to Accra in Ghana. Refine Results . While each of the notes of the second issue have a degree of common design on their front, each denomination is distinct in its layout. 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. 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. (Note: The Pointer News has published several questionable reports, many of them pro-Biafra. 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. Under a separate decree Decree No.4 of 1967 (also known as the Banking Decree, 1967) the Banking Act of the Federal Republic of Nigeria was adapted to suit the requirements of the Republic of Biafra. 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. Following the end of the war, federal sources claimed that they had found evidence of the Biafrans asking the relief agencies to pay landing fees (in foreign exchange), for the use of their air-strips. 22. So next time you come across one of these notes, dont reject them out of hand collecting bank notes doesnt have to revolve around scarce notes, and this series proves that cheap notes can be just as intriguing as their expensive counterparts. Another discrepancy in official versions lies in the date of the declaration whereby Nigerian notes were no longer to be legal tender. For more recent exchange rates, please use the. This is a Currency Gallery page and some, most or even all of the banknotes displayed above on this page may not be available to purchase or to photograph. In his Diary of Events Gen. Ojukwu makes the following entry: August 13 [1968]: The Hank Wharton Plot, hatched by British government and American CIA to sabotage Biafra and help Nigeria to carry through her final thrust into Biafran heartland. WASHINGTON, March 16, 2022 In an effort to help accelerate Kenya's ongoing inclusive and resilient recovery from the COVID-19 crisis, the World Bank has approved a $750 million Development Policy Operation (DPO) that will help strengthen fiscal sustainability through reforms that contribute to greater transparency and the fight against The currency of Biafra had been the Nigerian pound, until the Bank of Biafra started printing out its own notes, the Biafran pound. BIAFRA 1 POUND ( 1968-69 ) PICK # 5a AU. 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.. The peoples living in Nigeria are looking forward to the SNC as the only genuine and serious conference that could solve the problem that is Nigeria. The Republic of Biafra was formerly declared a sovereign nation in 1966 by Chukwuemeka Odumegwu Ojukwu (Military Governor of Eastern Nigeria). The currency of Biafra had been the Nigerian pound, until the Bank of Biafra started printing out its own notes, the Biafran pound. 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 notes have a palm tree and a big rising sun on their obverse design. When Nigeria announced the introduction of their new note issue was to be on 3 January 1968, the Biafrans were still collecting Nigerian notes. Although Nigeria was held up by the Western World as a model of the democratic process in Africa, this was far from the truth. World Banknotes. BANK OF BIAFRA 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 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. He left for exile in Ivory Coast and spent many years in the . 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. BanknoteBuys.com; Compass Collectables . Forsyth, Frederick (1977) The Making of an African Legend: The Biafra Story, Penguin Books Ltd, Harmondsworth. 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. Catalog Detail. Thursday, 23rd . 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. By far the most important strategy of the Biafrans in their quest for foreign exchange, was the conversion of their holdings of Nigerian currency. 8 The government asked bi- and multilateral donors to provide foreign experts and assistance to address the economic situation.9 In the cocoa sector, the Obiang adminstration invited former plantation owners to resume cocoa production and negotiated a cocoa rehabilitation project with the World Bank. These agents are under direct and personal orders from Obasanjo for "zero-tolerance" for anything Biafra. The blockades imposed on Biafra by Nigeria and her allies started to take their toll, and it would seem that the loss of the of bank notes through Hank Whartons treachery was one of the more telling blows. And, it is not just a souvenir: it is legal tender in those places. This page was last updated: 01-Mar 21:20. (From other reports in the press at the time, this appeared to be the general rate available for the notes. However they are an intriguing set of notes and will provide a collector with a complete set of a country for an affordable price. her currency by more than 80 per cent. Money was also being raised from outside the republic. 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. This index is based on the data of Numista members collections. While not known for certain how many notes were produced for circulation in Biafra, a reasonable estimate can be made by extrapolating the number of notes prepared for each known serial number prefix. To all Nigerians, Please ignore the news that the Biafran Pound has been approved in Italy. It turned out, however, to be false information. 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. 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. Called the " sand dollar ," it will increase financial inclusion for inhabitants spread out across the country's 700 islands, where banking services such as cash machines are not always available. To have a better understanding about biafran currency notes, you can visit Mintage World and explore the world of currency notes. 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. Since the rumour began to circulate, I have conducted thorough research into it, and I have discovered that the rumours that have been circulated are false news. 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. BANK OF BIAFRA Consecutive pair. The new currency went public on 28 January 1968, and the Nigerian pound was not accepted as an exchange unit. (Most types of paper have a high timber pulp content, and are treated with agents which brighten the paper and produce a surface which fluoresces under ultra-violet light. The coat of arms used by Biafra was derived from the coat of arms granted to the Eastern Region of Nigeria in 1960. Our main objective is to make sure we minimise lose of money. The notes are signed by the Governor and a Director of the Bank of Biafra. BIAFRA 1 POUND P-2 1967 10 Pcs Lot RISING SUN Bundle CURRENCY NIGERIA BANK NOTE. The Biafrans, on the other hand, claimed that by the end of January 1968 they had collected more than 53 million. WHOLESALE 100 CIRCULATED NIGERIA 1 (ONE POUND) CATALOG # 8 of 1967 BIAFRA WAR, Great Historic Banknotes BIAFRA 1 POUND 1968 - 1969 P-5 UNC Lucky # DS0193333, BIAFRA 1 POUND P-2 1967 10 Pcs Lot RISING SUN Bundle CURRENCY NIGERIA BANK NOTE, Biafra, 1 pound, 1968, P-5, UNC, world paper money, banknote. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. 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. The notes have a palm tree and a big rising sun on their obverse design. (This occurrence being due to insufficient Biafran notes being delivered to replace the Nigerian currency, which had been extracted from circulation.). 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 . In this case, the claimant blatantly declared that the World Bank has approved the Biafran Currency, without making reference to a source or quotation. The Biafran conflict is well documented, with many works addressing the struggle from both sides. It appeared that the Eastern Region was forcing the hand of the central government so in an effort to coerce them back under federal control, Lagos began to impose an economic blockade. As a result, Dubawa embarked on scrutinizing the claim. Looks like there are no products in this category yet! Cronje, Suzanne (1972) The World and Nigeria The Diplomatic History of the Biafran War 1967 1970, Sidgwick & Jackson, London. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. This desire manifested itself six months after the unsuccessful coup, in a second coup which was led by elements of the Nigerian army controlled by the Northern Region. (After independence, a fourth region the Mid-west was created.) Because the old Nigerian notes continued to be accepted in certain areas, the value of the old Nigerian currency was not entirely worthle! The secession was due to cultural, ethnic, and economic conflicts among the various citizens in Nigeria. From April 1967 payments to federal-owned concerns (and employees) were stopped, import licenses to the region were with-held, and all foreign exchange standing in credit of the regional government was seized. 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. (Although the refinery, if that is what it is, may well have been the one built by the Biafrans at Uzoakoli following their loss of access to Port Harcourt and the coast.) 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 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. Since some users own several versions, the sum may be greater than 100%. Amounts shown in italicized text are for items listed in currency other than Canadian dollars and are approximate conversions to Canadian dollars based upon Bloomberg's conversion rates. The machinations of the various political elements caused Nigeria to lurch from one political crisis to another in the early years of nationhood. Records of the introduction of Biafran currency, which might confirm the dates in question, are few and far between. -catalogue-33.html) References: P# 5 . Another of Whartons planes had been destroyed mysteriously in Bissau (in Portuguese Guinea) shortly before this, and another had been impounded in Athens, leading the Biafrans to believe th! 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. Nigeria is writhing her way through the throes of imminent collapse. The first Biafran banknote was introduced in 1968 which replaced the Nigerian currency. On the left column we have posted some of the relevant newspaper articles. Crypto custodian Anchorage has secured conditional approval for a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC), making it the first national "digital asset. 2x Biafra Banknote 1 Pound 1968 ND P 5a *UNC* Consecutive Serial #s ! Top Rated Seller Top Rated Seller. Palm tree in centre with sunset behind, all with decorate circles containing words. 5 Members from this site want to exchange it: That0neZebra, Quetzalkoala, RichW, akadotour, The_One, crimea62, gyoschak, robertmx, Tdlq87, vasyli, TolgArtan, kerleguern, The Online Coin Guy, rmuniak, PeterD68RT, npsparkranger, Hein Jan, lanotte, G.IG., Avraham Cohen, farfechd, erniemix, AZORES, Shanto98, doanvietdung, joserleycarlos, nlemesh, m.ounis, kflo, Blair.Gilmore, Carlos Valerio, See the details of the banknotes available for swap, Numista type number (https://en.numista.com/help/what-is-the-n-number-visible-in-the-catalogue-33.html). The banknotes have various back designs. 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. like I always say google is your friend so use it and lemme alone. 5 shillings (B101ar, P1r) See Details. The Central Bank began recalling the Biafran currency and the old Nigerian currency in the war-torn region but, because of the shortage of new Nigerian notes, only receipts were issued to those who surrendered the notes; although during this period of recall it was unclear what rate of exchange would be made for the Biafran notes. 5 - FIVE POUNDS - 5 "They invited him this morning (Friday, July 18, 2020) to come and sign . The nation existed during the war which happened from May 1967 and lasted until January 1970. However, matters became critical in January 1966 when a number of junior army officers attempted a coup. These undelivered notes were sold into the collector market once they became unusable, and were sold in such numbers that the market became flooded. Pick Publishing Corporation (1970) Picks Currency Year Book 1969, New York. 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. Wharton was subsequently fired and a new supply route established. For the first series, there are only two known serial number prefixes, while for the second series there are four prefixes. The black is for mourning them and in remembrance. Nigeria is one of the most multicultural states in the world, with over 500 languages being spoken. 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. 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. The notes of the second series are printed on non-fluorescing paper embedded with red and blue fibres. 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. Published on 07 November 2019. Top Rated Seller Top Rated Seller. Also on the back of the 5-pound note is a picture of a woman weaving on a hand loom. Rates that can't be backed up as they was just benchmarked out of fraustration. They are based on evaluations by Numista users and sales realized on Internet platforms. A south-eastern Nigerian secessionist state led by the Igbo community, the Republic of Biafra got its name from the Bight of Biafra. Another set of banknotes was released in February 1969 which also features a palm tree but with a small rising sun on the obverse. (Total: 3 notes) 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. Currency Gallery: Biafra Africa Index World Index Banknotes for Sale Consignment List Banknotes Wanted Note Evaluation Banknote Grading Numismatic Books If you are looking to purchase Biafran banknotes, then please visit our Store instead. 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. Authorities say Ipob has been responsible for attacks. 2015 - 2023 BNWorld, Inc.. All rights reserved. Keesings Publications Limited Keesings Contemporary Archives Volume No.XVI 1967-1968 London. Most of us are familiar with the Biafra map of between May 30, 1967 and January 15, 1970 (the old Biafra.) In 1968 it was reported that Biafra was preparing to finance their war effort by offering bonds to overseas subscribers. Promise to pay on Demand the sum of In an effort to curb the flow, the federal government issued a decree in June stating that Nigerian currency exported from Nigeria (including the rebel held Eastern Region) after 21 August 1967, would not be redeemed by the Nigerian Government. Biafra digital currency is coming to save the situation ASAP but for now, follow the instructions. 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. . 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. 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. 1 Such a unilateral inflationary decision could damage the economy of the component parts. No member from this site currently wants to exchange it. Paragraph 8 of the decree states: Currency notes and coins of the Federal Republic of Nigeria shall remain legal tender in the Republic of Biafra until such further day as the Military Governor may specify., The Bank shall maintain existing parity of the Nigerian pound.. While the Biafrans seem to have rejected this offer, it is likely that some conversion did take place (though not necessarily through Rothschild) as Gen. Ojukwu stated in February 1969: We have been fighting the war with Nigerian foreign exchange, plus of course, what we converted or what we acquired earlier on. (Ojukwu, 1969), The reference to what we acquired earlier on, possibly refers to a windfall to the Biafrans in 1967. Published on 31 October 2019, the article was shared on other news sites and on Facebook. 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. WEAVING. 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. It's fake! Constructed from copper bars they form an incomplete circle (or oval) having lobes at the ends and are often described as bracelets or armlets. To make matters worse, one Biafran pound is worth 280 Naira! Dubawa has also contacted the claimant several times with no response so far. Signatures: Sylvester U. Ugoh (Governor) 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. 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. Focus on private sector and workers spearheaded by IFC to mitigate financial and economic impact of crisis. 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. Product has been added to . 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. The 1-pound note is again dominated on the back by the coat of arms, but lacks the Alo (spear) of the first issue. Akpan, Ntieyong U. Biafra. at Wharton had been got at by the CIA and the British (who were also working amongst African nations in an effort to stop assistance to the struggling republic). (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).
biafra currency approved by world bank