. Two days ago United Nations gave World bank order to start printing new Biafra currency. One of the more interesting assets of the Central Bank that was specifically seized was its currency. 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 The common features are the rising sun (now a much smaller representation), the palm tree, the names of the Republic and the Bank, a white disc to the right of the note, and patterns imitating engine work surrounding the note. The first stamps of Biafra were issued on 5 February 1968. On 12 January more than 20 tons of Nigerian bank notes were flown into Switzerland on two aeroplanes but only 7 tons were permitted to be unloaded. Riots, which broke out in several parts of the country, thus found Ibos as the targets of violence. REPUBLIC OF BIAFRA End of February Sale Get 15% Off with Promo Code: FEB15. See Details. The Bahamas is the first country in the world with a central bank digital currency (a digital form of a country's currency). The 5 shillings depicts four Biafran girls while the 1 pound shows the coat of arms. Another discrepancy in official versions lies in the date of the declaration whereby Nigerian notes were no longer to be legal tender. The palm tree was important because of its economic significance to Biafra next to oil, products from the palm trees were the most valuable exports from the region prior to the new republic being declared. 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. Pick Publishing Corporation (1970) Picks Currency Year Book 1969, New York. Comments made in a speech by General Ojukwu in February 1969 (a year after the events), reflect the public despair that was expressed at the Nigerian decree (although Ojukwu himself could not have been surprised): The government has long been aware of the terrible experiences of our people over the issue of currency. Top Rated Seller Top Rated Seller. Remainders are available only for the second series (with the apparent exception of the 10-shilling note which has not been positively recorded), and can be recognised by the lack of serial numbers which are to be found (if present) in the top right and bottom left on the front of the notes. More products for this category are coming soon! BIAFRA 1 POUND ( 1968-69 ) PICK # 5a AU. Hank Wharton was an American transport operator who had come to an arrangement with the Biafrans to fly arms twice weekly from Lisbon (Portugal) to Biafra. During Nigerias final thrust of August 1968 (which proved not so final), Whartons planes did not arrive when needed. Volume 36, No.4, 1997. TT PK 6b 1968-69 BIAFRA 5 POUNDS PCGS 66 PPQ TOP POP WITHOUT SERIAL NUMBERS! Modern issues 1961-present (25 th . 5 - FIVE POUNDS - 5 The information reaching our desk this afternoon, from Biafran blogger Eze Ndukwe . So, on 30 May 1967, the Eastern Region was declared an independent republic by Lieutenant-Colonel Ojukwu. Because the notes are very common there is a tendency amongst collectors to ignore them. 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. Records of the introduction of Biafran currency, which might confirm the dates in question, are few and far between. 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. 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. 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. Whatev! MIGA fulfills this mandate by offering political risk insurance (guarantees) to investors and lenders. The first notes denominated in 5 shillings, 1 were introduced on January 29, 1968. 1968-69 1 Pound from Biafra. The second coup was successful, and resulted in northern officers taking control of the country and forming a new government led by General Gowon. 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. 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. (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. A video on YouTube claims that the World Bank has finally approved the Biafran Currency. Europa Year Book (1968) Europa Publications, 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. In addition to the notes that circulated in Biafra, and those which were dumped into the sea (first series), there were also thousands of undelivered notes that survived the war. 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. Mok, Michael (1969) Biafra Journal, Time-Life Books, New York. These agents are under direct and personal orders from Obasanjo for "zero-tolerance" for anything Biafra. The news site posted the report, " World Bank set to established Central Bank of Biafra in Abia State," on its Facebook page on 30 March 2019. The massacres, not surprisingly, created much fear amongst the Ibos living outside the Eastern Region, and in the weeks following the massacres (September 1966) some two million Ibos gave up their homes and businesses to seek refuge in their eastern homelands. 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). Please sign in or create an account to manage your collection. Cargoes of arms and ammunition bought by Biafra are dumped into the sea during airflight. 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 Taken from their coat of arms, the rising sun became the dominant symbol of Biafra. Such a unilateral inflationary decision could damage the economy of the component parts. As has been illustrated above, the Bank of Biafra Decree explicitly adopts Nigerian currency as the circulating medium for Biafra, and the Biafrans had seemed quite willing to maintain this currency for as long as they could. The postage stamps were reportedly released on 5 February 1968 (which varies by a week from the date announced by Ojukwu of 29 January) and it would not be difficult to conjecture that the postage stamps and the bank notes were printed by the same printer for release at the same time. 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. 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. Biafra digital currency is coming to save the situation ASAP but for now, follow the instructions. In the old map many natural Biafran geographies were excluded such as Biafra lands on the west bank of the Niger. The plane was then unable to land in Biafra and had to land in Sao Tome. GOVERNOR - DIRECTOR 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. Product has been added to . Pls let Mazi know about it. BIAFRAN CURRENCY HAS BEEN APPROVED FROM WORLD BANK, BIAFRA IS COMING 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. 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. 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. More importantly, the interest rate in local currency reflects the terms the World Bank can obtain when hedging the currency risk. A video on this YouTube channel Biafra Generation claims that the world bank has approved the Biafran currency (what they termed as the Ejemme). Top Rated Seller Top Rated Seller. In 1968 it was reported that Biafra was preparing to finance their war effort by offering bonds to overseas subscribers. 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). During the war, a number of international relief agencies were delivering food and medicine to the war-ravaged Republic. 1 - 5, Lettering: Content created and supplied by: Johnniepen (via Opera This possibility is further enhanced by the knowledge that the Biafran postage stamps were printed by the Portuguese State Security Printers in Lisbon. @WorldBankECA. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Standard Catalog of World Paper Money. Palm tree in centre with sunset behind, all with decorate circles containing words. In an effort to take firm control of the country, General Ironsi was appointed by the Nigerian cabinet to head a federal military government. Perhaps, this was what made the video to . 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.. On 22 January, seven suitcases filled with Nigerian currency worth 252,000 were discovered at London Airport after one of the suitcases split open. On the back of the 5-shilling note is a picture of four Ibo girls, and surrounding the value of the note to the left is a manilla. Official World Bank Boundaries. Violent attacks threaten Nigeria's upcoming 2023 elections. It is considered the world's chief reserve currency held by most commercial and central banks globally. 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. flying from Lisbon when he dumped the cargo of Biafran notes at sea. While this amount may seem large, it must be remembered that Biafra had a population of 14 million, and the amount in circulation would equate to 10 per person at the most optimistic estimate. Calls to replace it have failed because it is the world's most widely traded currency. This page was last updated: 01-Mar 21:20. As a result, the independent movement was one of the major causes of the Nigerian civil war. The chance of the euro becoming a world currency was damaged by . five shillings. See each listing for international shipping options and costs. These undelivered notes were sold into the collector market once they became unusable, and were sold in such numbers that the market became flooded. $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 Since some users own several versions, the sum may be greater than 100%. The first issue of the bank notes included only 5 shillings notes and 1 pound notes. Decorative pattern with Biafran arms to the right. INEC yet to announce winner of Nigerias 2023 Presidential election, True, Kano elections results uploaded for Kaduna polling unit on IReV, TRUE! . Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Afternoon, from Biafran blogger Eze Ndukwe relief agencies were delivering food and medicine to the war-ravaged republic depicts Biafran. 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