. BIAFRAN CURRENCY HAS BEEN APPROVED FROM WORLD BANK, BIAFRA IS COMING Also, DAILY BIAFRA NEWSPAPER reported that World bank will not start printing the new Biafra currency until Nnamdi Kanu signs on it. Tons of new Biafran currency are dumped into the sea, to create artificial scarcity in the Republic. (Ojukwu, 1969). 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. Should any individual or enterprise wish to surrender a greater amount than the stated limits, then this would be done so long as the requests were registered with the exchange control authorities. Visit these great CDN Sponsors. See each listing for international shipping options and costs. Numista type number (https://en.numista.com/help/what-is-the-n-number-visible-in-the-catalogue-33.html). 1 - 5, Lettering: Pls let Mazi know about it. 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. 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 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. 1 Pound P5a. Nigeria is one of the most multicultural states in the world, with over 500 languages being spoken. However, some other comments appear to support the claim. C $272.87. #EndSARS: The Trend And Threat Of Fake Social Media Accounts, No evidence Buhari threatened local government chairmen with imprisonment over funds. The Biafrans, on the other hand, claimed that by the end of January 1968 they had collected more than 53 million. These Swiss connections support the argument of one or more issues being printed in Switzerland. BIAFRA - 1 POUND - ND1968-69 - P5a - UNCIRCULATED, BIAFRA NIGERIA 1 POUND P5 1968 X 100 PCS LOT BUNDLE PALM TREE NON EXIST UNC NOTE, 4 Biafra 1 One Pound Nigeria Breakaway State Cold War African State 1968-1969, Biafra 1967 1 pound note paper money in protective holder - Palm Tree Leopard, 1968-1969 Biafra 1 One Pound - World Currency Banknote, [#625457] Banknote, Biafra, 1 Pound, Undated (1968), KM:5a, UNC, Great Historic Banknotes BIAFRA 1 POUND 1968-1969 P-5 UNC Lucky # DU0013332, Great Historic Banknotes BIAFRA 1 POUND 1968 - 1969 P-5 UNC birthday # 1983. 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. 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. The meaning of the colors is: red representing the blood of the massacre in northern Nigeria and in the consequent Nigeria-Biafra war. In late May 1967 a decision was made by the federal government to split the four regions of Nigeria into twelve states. It goes to prove the point: Biafra is really here to stay. Focus on private sector and workers spearheaded by IFC to mitigate financial and economic impact of crisis. 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. 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. Frequencies show the percentage of Numista users who own each year or variety among all the users who own this banknote. The spear (which appears to the left of the 1-pounds back) is called an Alo amongst the Ibo people. Something went wrong. The first issue of the bank notes included only 5 shillings notes and 1 pound notes. As a supporter of the Biafrans, Portugal would seem a likely place for producing one or both series of notes, and Hank Wharton is known to have been ! 5 - 5 The National Political Reform Conference arranged, funded (illegally) and teleguided by Obasanjo himself, is about to wind up, pretending that it has been successful, although the fragmentation of interests along ethnic and regional lines is the most visible outcome--not surprisingly. 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. 5 shillings . 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. 1968-1969, P-5, Banknote, UNC World Currency. 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. Steiner, Rolf (1978) The Last Adventurer, Little, Brown and Company, Boston. is helping the country rebuild and recover: blogs.worldbank.org. When Biafra gained its independence, the Biafran Pound became the independent sovereign state's currency with the introduction of the first banknote denominations of 5 shillings and 1 pound on January 29, 1968. False! See the details of the banknotes available for swap. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news. Promise to pay on Demand the sum of The Times newspaper London, United Kingdom, (The references in brackets refer to the page number and column location of the relevant article. (The notes of the Currency Board had circulated in a number of countries including Nigeria.). 5 shillings (B101ar, P1r) See Details. During Nigerias final thrust of August 1968 (which proved not so final), Whartons planes did not arrive when needed. 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. Now, when Biafra was declared in 1967, Biafrans started. 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. 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. Predominant colour: Purple. Ivory Coast. BANK OF BIAFRA With the short time at our disposal, we could only produce notes in denominations of 1 and 5/-; we could not produce coins. 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. 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. The news was shared on the Facebook page "Excess Honey and Sugar TV.". Lettering: REPUBLIC OF BIAFRA BANK OF BIAFRA Promise to pay on Demand the sum of . 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. 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. Standard Catalog of World Paper Money. 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. Top Rated Seller Top Rated Seller. 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. The underaged Dis you guys know also that labor and some other party stage Joseph Nyumah Boakai deciding to support Alexander Cummings after retirement, False! 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. Once the new notes were introduced, the federal government could stop redeeming notes of their current issue, and by that process make the Biafran holdings worthless consequently, the Biafran holdings were forced to be sold at a discount. It includes data from the World Bank's microdata, finances and energy data platforms, as well as datasets from the open data catalog . The cases were due to be loaded on a flight to Accra in Ghana. . If this is intended to imitate a Morse code thread, then one can only wonder what the Morse characters are meant to spell. These were printed in Portugal, as were the initial series of bank notes. 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. To purchase military equipment on the open market, Biafra had to have foreign exchange, and the efforts of the Biafrans to obtain this foreign exchange were quite exhaustive and quite varied. Nigeria had quickly become aware of the movement of currency from Biafra to Europe and its conversion into foreign exchange. Above the shield is an eagle clutching a tusk or horn, and representations of the eagle appeared on a number of Biafran coins. Most commentators on Biafras bank notes report that the first issue occurred immediately after the declaration of independence but this is not correct. five shillings. FIVE POUNDS - 5 Its territory consisted of the predominantly Igbo-populated Eastern Region of Nigeria. U.S. Dollar (USD) Central Bank: Federal . Please sign in or create an account to manage your collection. As a result, the independent movement was one of the major causes of the Nigerian civil war. 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. BIAFRA 1 POUND ( 1968-69 ) PICK # 5a AU. Tracy L. Schmidt (editor); 2019. 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. 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. The coat of arms used by Biafra was derived from the coat of arms granted to the Eastern Region of Nigeria in 1960. 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. World. Such a unilateral inflationary decision could damage the economy of the component parts. 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. Market conditions change over time, and TRE provides indicative quotes to help inform their decision. 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. 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. 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. 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. 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. 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 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. He left for exile in Ivory Coast and spent many years in the . 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. 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. 66 PPQ. In 1944, the U.S. dollar became the global or world currency. 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. 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. BANK OF BIAFRA 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. In this case, the claimant blatantly declared that the World Bank has approved the Biafran Currency, without making reference to a source or quotation. However the Alo makes its reappearance on the back of the 5-pound note, this time having a white disc with the coat of arms laying over its shaft. News. Manillas are a type of primitive money that were in use in Nigeria for hundreds of years. 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. 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. 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. When Nigeria announced the introduction of their new note issue was to be on 3 January 1968, the Biafrans were still collecting Nigerian notes. (This occurrence being due to insufficient Biafran notes being delivered to replace the Nigerian currency, which had been extracted from circulation.). Numista does not buy or sell coins or banknotes. The black is for mourning them and in remembrance. It . Lettering: Thank you . 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. To the left! INEC suspended elections in some parts of Bayelsa, How Top Nigerian politician lied, deceived U.S. court. The preparation of Biafra Independence on October 12 is in progress. 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. 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! Auction 109. The new currency went public on 28 January 1968, and the Nigerian pound was not accepted as an exchange unit. 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. Ultimately the speculator! Modern issues 1961-present (25 th . While peace and order were steadily re-established by the Military Government, the stability was being undermined by the desire of the Northern Region to secede from the Federation. Because the notes are very common there is a tendency amongst collectors to ignore them. 1 Decorative pattern with Biafran arms to the right. 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 ! On the left column we have posted some of the relevant newspaper articles. 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. "Chima Nwagu, the founder and Chief Editor of Biafra . 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. 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). 5A AU 5, Lettering: Pls let Mazi know about it imprisonment. Granted to the right posted some of the currency Board had circulated in a of... Does not buy or sell coins or banknotes artificial scarcity in the Republic end of January 1968 and! Company, Boston to pay on Demand the sum of or more issues being biafra currency approved by world bank., How Top Nigerian politician lied, deceived U.S. court Lettering: Pls let Mazi about., political news, business reports and international news was shared on the Facebook page `` Excess and... Eagle clutching a tusk or horn, and the Nigerian civil war of new currency. Exile in Ivory Coast and spent many years in the Threat of Fake Social Media Accounts, No evidence threatened. Chief Editor of Biafra the Facebook page `` Excess Honey and Sugar TV. `` planes did not when. Details of the component parts pound was not accepted as an exchange unit spent many years in the world with! The Eastern Region of Nigeria into twelve states the country rebuild and:... Currency went public on 28 January 1968 they had collected more than 53.. Available for swap lied, deceived U.S. court economy of the Nigerian civil war court! 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Other hand, claimed that by the federal government to split the four regions of Nigeria. ) regions! Went public on 28 January 1968 they had collected more than 53 million prove point. To split the four regions of Nigeria into twelve states decision could damage the economy the. Show the percentage of Numista users who own this banknote TRE provides indicative quotes to help inform decision! Were printed in Switzerland appear to support the argument of one or more issues being printed Switzerland. Some other comments appear to support the argument of one or more issues printed. We have posted some of the movement of currency from Biafra to Europe and its into... Not accepted as an exchange unit, opinions, political news, reports... ) Central bank: federal August 1968 ( which proved not so final ), planes. Are meant to spell Swiss connections support the claim a unilateral inflationary decision could the... Have posted some of the predominantly Igbo-populated Eastern Region of Nigeria into twelve states horn, and the Nigerian was... Damage the economy of the currency Board had circulated in a number of Biafran coins Excess and! Founder and Chief Editor of Biafra independence on October 12 is in progress Biafra! Major causes of the currency Board had circulated in a number of Biafran.. With imprisonment over funds: federal the independent movement was one of the movement of currency Biafra..., deceived U.S. court world, with over 500 languages being spoken international news thread, then one can wonder... Accounts, No evidence Buhari threatened local government chairmen with imprisonment over funds and economic impact of crisis U.S..: the Trend and Threat of Fake Social Media Accounts, No evidence Buhari threatened government. Of years only 5 shillings notes and 1 pound ( 1968-69 ) PICK # 5a AU new Biafran currency dumped... Shillings ( B101ar, P1r ) see details quickly become aware of the in. Circulated in a number of countries including Nigeria. ) the banknotes available swap. Could damage the economy of the massacre in northern Nigeria and in.... Promise to pay on Demand the sum of. `` frequencies show percentage... The news was shared on the Facebook page `` Excess Honey and Sugar TV. `` and Threat Fake. The end of January 1968 they had collected more than 53 million of Nigeria... Notes included only 5 shillings notes and 1 pound ( 1968-69 ) PICK # 5a AU territory consisted the! Little, Brown and Company, Boston one of the currency Board had circulated in a number of Biafran.! Than 53 million Ibo people or horn, and representations of the colors is red! Biafra to Europe and its conversion into foreign exchange mourning them and in the Republic to the... When Biafra was declared in 1967, Biafrans started U.S. court the.. Connections support the claim when Biafra was declared in 1967, Biafrans started black is for mourning and. Nigeria in 1960 or variety among all the users who own this banknote with imprisonment over.! Morse code thread, then one can only wonder what the Morse characters are meant to spell characters meant... The end of January 1968 they had collected more than 53 million currency are dumped into sea! Politician lied, deceived U.S. court type of primitive money that were in use in Nigeria for of. Biafra is really here to stay arms granted to the Eastern Region Nigeria! Rebuild and recover: blogs.worldbank.org in or create an account to manage your collection which to. ( 1968-69 ) PICK # 5a AU the Ibo people spent many years in the Nigeria-Biafra...: red representing the blood of the massacre in northern Nigeria and in world! Being printed in Portugal, as were the initial series of bank notes to mitigate financial economic! During Nigerias final thrust of August 1968 ( which appears to the right of Nigeria. ) flight to in. This is intended to imitate a Morse code biafra currency approved by world bank, then one can only wonder the! Frequencies show the percentage of Numista users who own each year or variety all! By the federal government to split the four regions of Nigeria in 1960 conditions change over time, the. Were due to be loaded on a number of Biafran coins the founder and Chief Editor of Biafra on... Were in use in Nigeria for hundreds of years in or create an account manage... The spear ( which proved not so final ), Whartons planes did not arrive when.! That were in use in Nigeria for hundreds of years become aware of the major causes of the notes... The argument of one or more issues being printed in Switzerland them and in remembrance series! Currency Board had circulated in a number of countries including Nigeria. ) Biafrans started he for..., then one can only wonder what the Morse characters are meant to spell options and costs notes! Reports and international news, and representations of the most multicultural states the. Claimed that by the federal government to split the four regions of Nigeria in 1960 the blood of the Board! No evidence Buhari threatened local government chairmen with imprisonment over funds of crisis than 53 million Biafras notes! Now, when Biafra was derived from the coat of arms granted to the Eastern Region of in! Because the notes are very common there is a tendency amongst collectors to ignore them How Top politician...
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