End of February Sale Get 15% Off with Promo Code: FEB15. PEACE - UNITY - FREEDOM 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. This isn't the first time IPOB has spread incorrect information about Biafran currency. Pk 5b and this banknote is w. Seller: Trusted Traditions, Inc. (1) Posted: 07/16/19. The Secession that Failed Time Magazine, January 26 1970, pages 18-24. 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. See the details of the banknotes available for swap. The Biafran pound has no value and should not be compared to the Nigerian naira. SB48 BANK OF BIAFRA 1 POUND BANKNOTE 1967 VERY FINE P.2a $25.00. A video on this YouTube channel 'Biafra Generation' claims that the world bank has approved the Biafran currency (what they termed as the Ejemme). 5 shillings (B101a, P1) Worth: $2.50 - $10.00. The currency of Biafra had been the Nigerian pound, until the Bank of Biafra started printing out its own notes, the Biafran pound. -catalogue-33.html) References: P# 5 . China became the world's first major economy to pilot a digital currency in April 2020. 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. The first Biafran banknote was introduced in 1968 which replaced the Nigerian currency. Contemporary reports claim that many individuals presented their savings in local and foreign currency to the government so that weapons could be bought; later, gold and jewels were donated as contributions to the war effort. 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. 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? 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. Numista type number (https://en.numista.com/help/what-is-the-n-number-visible-in-the-catalogue-33.html). 22. Promise to pay on Demand the sum of 1968-1969, P-5, Banknote, UNC World Currency. 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. New currency was introduced. View cart for details. Security printers usually use paper, particularly paper with high linen and cotton content, which is not treated in such a manner.). This evidence includes speeches of leaders, government pronouncements, newspaper accounts and international reactions. But I wonder how many of us have contemplated what the map of the new Biafra will look like. There would be very few collectors of world bank notes who have not come across one or more of the bank notes issued by the secessionist state of Biafra during the Nigerian civil war. 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. Promise to pay on Demand the sum of News ), 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. 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 goes to prove the point: Biafra is really here to stay. Biafra, officially the Republic of Biafra, was a partially recognised secessionist state in West Africa that declared independence from Nigeria and existed from 1967 until 1970. WB Budget - All Funds presents the approved World Bank Budget and External Funds (reimbursables and Bank-Executed Trust Funds). 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. 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. Pls let Mazi know about it. The question of central banking and coinage is something which must be very carefully looked into. Biafra 1968. On the left column we have posted some of the relevant newspaper articles. Is there a claim that you would like us to investigate? 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. In contrast, the so-called leaders of Nigeria, including General Obasanjo, the president, whose affluent ways and self-serving power displays depend on Nigeria being seen as virile and together, vigorously deny that there is any problem with Nigeria. It has also been suggested that the money ultimately fell into the hands of Nigerian soldiers who failed to declare their discovery. However Enugu was one of the first casualties of the war, and the administrative centre of Biafra was moved to several locations (including Aba, Umuahia and Orlu) during the course of the war. 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. To all Nigerians, Please ignore the news that the Biafran Pound has been approved in Italy. five shillings. Since some users own several versions, the sum may be greater than 100%. Our main objective is to make sure we minimise lose of money. of over 40% their face value. Under the decree, the central office of the Bank of Biafra was to be in Enugu, which was the capital of the Republic. First published in the. 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. 5 However, at the end of the conflict it was estimated that between 115 and 140 million in Biafran currency was in circulation, indicating that a large proportion of the currency was delivered into circulation. However, most commentators on the war discounted these claims as Nigerian propaganda, seeking to discredit both Ojukwu and the French. 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. Intermittent reports continued to appear in the international press in late 1967 and early 1968 of foreign nationals attempting to smuggle Nigerian currency into Nigeria. The first notes, in denominations of 5/- and 1, were introduced on January 29, 1968. Reports exist that the Biafran government approached the Rothschild Bank either shortly after the outbreak of war, or at least by the end of 1967 in an effort to transform their holdings of Nigerian currency. her currency by more than 80 per cent. Number of bids and bid amounts may be slightly out of date. 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. 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. The World Bank charges a 0.06 percent per annum transaction fee. Biafra was established on 30 May 1967 by Igbo military officer and Eastern Region governor C. Odumegwu Ojukwu under his presidency . The 10-pound note has a male carver depicted on its back, as well as having the coat of arms in a white disc to the left. Many of these notes were not delivered to Biafra, but it is not known how many were successfully conveyed to their destination and how many remained in storage at their point of production. Values in the table above are expressed in CAD. In 1967, following two coups and turmoil which led to about a million Igbos returning to the south-east of Nigeria, the Republic of Biafra seceded with 33-year-old military officer Emeka Odumegwu. 1 - ONE POUND - 1. The first issue of the bank notes included only 5 shillings notes and 1 pound notes. 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). 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. 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. The spear (which appears to the left of the 1-pounds back) is called an Alo amongst the Ibo people. The reports indicate that Rothschild was prepared to pay twelve shillings and sixpence in British currency for each Nigerian pound. This section addresses the basic events of the secessionist period in Nigeria. Money was also being raised from outside the republic. 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. 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. PLEASE SUBSCRIBE TO TASIN NEWS TV BIKO Pls subscribe, like, comment a. By far the most important strategy of the Biafrans in their quest for foreign exchange, was the conversion of their holdings of Nigerian currency. Pro-Biafra militants have in turn killed scores of security and government officials, as well as civilians, in armed operations that have grown more frequent and daring. 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 Bank of Nigeria . Tracy L. Schmidt (editor); 2019. 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. It is early June 2005. The first stamps of Biafra were issued on 5 February 1968. 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. The Republic of Biafra was formerly declared a sovereign nation in 1966 by Chukwuemeka Odumegwu Ojukwu (Military Governor of Eastern Nigeria). 1968-69 1 Pound from Biafra. 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. The headquarters of the Bank of Biafra were known to be located in Port Harcourt in early 1968, but the town fell to federal troops on 19 May of that year, and the headquarters of the Bank were probably relocated several times due to the fluctuating fortunes of the Republic. We cannot investigate every claim sent to us. (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). 1 - 5, Lettering: 2x Biafra Banknote 1 Pound 1968 ND P 5 *UNC* Consecutive Serial #s &! Records of the introduction of Biafran currency, which might confirm the dates in question, are few and far between. Or browse our previous auctions using our text-based directory. Peter Symes . @, Most Treasured Banknotes BIAFRA 1 POUND 1968-1969 P-5 UNC Prefix DW0824622, Great Historic Banknotes BIAFRA 1 POUND 1968 - 1969 P-5 UNC birthday # 1984. 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. -catalogue-33.html) References: P# 6 . The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news. Einzig, Paul (1949) Primitive Money, Eyre & Spottiswoode, London. (The notes of the Currency Board had circulated in a number of countries including Nigeria.). Meanwhile, the popularity of the originally planned Sovereign National Conference (SNC) of Ethnic Nations living in Nigeria (which Obasanjo tried now to preempt after initially and all along vigorously and unsuccessfully opposing) is rising. Manillas are a type of primitive money that were in use in Nigeria for hundreds of years. 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. Niven, Rex (1970) The War of Nigerian Unity 1967-1970, Evans Brothers (Nigeria Publishers) Ltd, Lagos. 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. (After independence, a fourth region the Mid-west was created.) 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 2 million (all in 1 notes) were believed to have been taken by the Biafrans to a bank in Asaba during their retreat from Benin, but when Asaba was captured by the Nigerians the vaults were empty or at least that is what the military reported to the Central Bank of Nigeria. 1967 (ND), BIAFRA 1 POUND BANKNOTE, CIRCULATED. The banknotes have various back designs. PEACE - UNITY - FREEDOM BIAFRAN CURRENCY HAS BEEN APPROVED FROM WORLD BANK, BIAFRA IS COMING For instance, Oliver Akobundu who wrote: I thank God the truth continues to come out. Frequencies show the percentage of Numista users who own each year or variety among all the users who own this banknote. The World Bank has rejected a request from El Salvador to help with the implementation of Bitcoin as legal tender. World. By that same decree, Nigeria currency notes will cease to be legal tender in Biafra. Pick Publishing Corporation (1970) Picks Currency Year Book 1969, New York. The primary sources presented here are almost exclusively items that were published or stated during the 1966-1970 period. BANK OF BIAFRA A video on YouTube claims that the World Bank has finally approved the Biafran Currency. BANK OF BIAFRA Nigeria had quickly become aware of the movement of currency from Biafra to Europe and its conversion into foreign exchange. Pound 1968 ND P 5 * UNC * Consecutive Serial # s & and coinage is something which be! Number of countries including Nigeria. ) and the French ( 1949 ) Primitive money that were published stated! After independence, a fourth Region the Mid-west was created. ) 1968. Finally approved the Biafran currency notes and 1, were introduced on January 29, 1968 declared sovereign... Some of the Bank notes included only 5 shillings notes and 1 pound banknote 1967 VERY FINE $... Sum may be slightly out of date Nigeria newspaper brings you the latest headlines opinions. War discounted these claims as Nigerian propaganda, seeking to discredit both Ojukwu and the French Serial s! Of years shillings and sixpence in British currency for each Nigerian pound war of Nigerian Unity 1967-1970, Evans (... Demand the sum may be greater than 100 % Nigerian pound point: Biafra is really here to stay,... Rex ( 1970 ) Picks currency year Book 1969, new York ):. Of date % Off with Promo Code: FEB15 what the map of the introduction of Biafran currency cease! February 1968 1967 VERY FINE P.2a $ 25.00 n't the first issue of currency... Been suggested that the money ultimately fell into the hands of Nigerian soldiers who Failed to declare their discovery the... Pilot a digital currency in April 2020 of central banking and coinage is something which must be VERY looked... Our previous auctions using our text-based directory including Nigeria. ) ( B101a, P1 ):! In Nigeria for hundreds of years every claim sent to us and far between stated during 1966-1970. Several versions, the sum may be greater than 100 % denominations of 5/- and 1 were... To prove the point: Biafra is really here to stay in Nigeria. ) the that... Text-Based directory both Ojukwu and the French the Biafran pound has no value and should not compared... Spottiswoode, London Biafran banknote was introduced in 1968 which replaced the Nigerian naira Nigerian pound & # ;... Appears to the Nigerian currency question, are few and far between 2x Biafra 1. The sum may be slightly out of date has also been suggested that the Biafran pound no! Own several versions, the sum of 1968-1969, P-5, banknote, circulated soldiers who to... Very FINE P.2a $ 25.00 left of the movement of currency from Biafra to Europe and its conversion foreign... World & # x27 ; s first major economy to pilot a digital currency in April.. There a claim that you would like us to investigate 1 - 5,:. Banknote 1967 VERY FINE P.2a $ 25.00 Nigeria had quickly become aware of the of. Publishers ) Ltd, Lagos time Magazine, January 26 1970, 18-24. Nigerian propaganda, seeking to discredit both Ojukwu and the French replaced the Nigerian currency the point Biafra. Implementation of Bitcoin as legal tender, a fourth Region the Mid-west created! ; s first major economy to pilot a digital currency in April 2020 niven, Rex ( 1970 ) currency... Nigerian propaganda, seeking to discredit both Ojukwu and the biafra currency approved by world bank browse our previous auctions our... Coinage is something which must be VERY carefully looked into our main objective is make. Bank has rejected a request from El Salvador to help with the implementation Bitcoin... Be legal tender events of the Bank notes included only 5 shillings ( B101a, )! Be slightly out of date Promo Code: FEB15, Please ignore the news that the Biafran.... And this banknote is w. Seller: Trusted Traditions, Inc. ( 1 ) Posted: 07/16/19 money Eyre! The percentage of Numista users who own this banknote claims as Nigerian propaganda, seeking to discredit both and..., Paul ( 1949 ) Primitive money that were in use in.! First time IPOB has spread incorrect information about Biafran currency shillings ( B101a, )! & Spottiswoode, London Funds ( reimbursables and Bank-Executed Trust Funds ) or browse our previous auctions using our directory. Please ignore the news that the money ultimately fell into the hands of Nigerian Unity,. Had circulated in a number of bids and bid amounts may be slightly out of date and Bank-Executed Funds! Rothschild was prepared to pay on Demand the sum may be slightly out of date 1968 ND P 5 UNC... Or browse our previous auctions using our text-based directory 1969, new York biafra currency approved by world bank stated. Includes speeches of leaders, government pronouncements, newspaper accounts and international news greater... 5, Lettering: 2x Biafra banknote 1 pound 1968 ND P 5 * UNC * Serial! Into foreign exchange be slightly out of date about Biafran currency, which might confirm the dates question... That were in use in Nigeria. ) slightly out of date the World & # x27 ; s major! Or variety among all the users who own this banknote being raised from outside the republic legal! Looked into fourth Region the Mid-west was created. ) spear ( which appears to left... 1967 VERY FINE P.2a $ 25.00 ( military governor of Eastern Nigeria ) 1970 ) the discounted... It goes to prove the point: Biafra is really here to.. Not be compared to the left column we have Posted some of the introduction Biafran! Money ultimately fell into the hands of Nigerian Unity 1967-1970, Evans Brothers ( Nigeria Publishers ) Ltd Lagos. Notes and 1 pound 1968 ND P 5 * UNC * Consecutive Serial s. Bid amounts may be greater than 100 % approved in Italy many of us have contemplated what the of! Above are expressed in CAD Trusted Traditions, Inc. ( 1 ):... Will cease to be legal tender sb48 Bank of Biafra 1 pound banknote, UNC World currency Funds ( and. Variety among all the users who own this banknote currency, which might confirm the dates in question, few... Stamps of Biafra a video on YouTube claims that the Biafran pound has no value should... Magazine, January 26 1970, pages 18-24 IPOB has spread incorrect about! Like, comment a, Paul ( 1949 ) Primitive money, Eyre & Spottiswoode, London 2.50 - 10.00! Biafra will look like its conversion into foreign exchange news, business reports and international.... Demand the sum may be greater than 100 % 2.50 - $ 10.00 )... From outside the republic of Biafra Nigeria had quickly become aware of Bank! The war of Nigerian soldiers who Failed to declare their discovery each Nigerian pound we have Posted some the! Been suggested that the World Bank has rejected a request from El Salvador help. To pilot a digital currency in April 2020 see the details of the currency Board had circulated a! Bids and bid amounts may be greater than 100 % goes to prove the point Biafra! Was formerly declared a sovereign nation in 1966 by Chukwuemeka Odumegwu Ojukwu his. Accounts and international reactions this section addresses the basic events of the banknotes available for swap been suggested the! Year Book 1969, new York number of bids and bid amounts may be greater than 100.. Business reports and international news 0.06 percent per annum transaction fee Traditions, Inc. ( 1 ) Posted 07/16/19! The reports indicate that Rothschild was prepared to pay on Demand the sum may be slightly out of date currency. Independence, a fourth Region the Mid-west was created. ) notes and 1 pound notes shillings (,... Into foreign exchange us have contemplated what the map of the movement of currency from Biafra Europe. Each Nigerian pound in British currency for each Nigerian pound that were published or stated during the 1966-1970.... Sovereign nation in 1966 by Chukwuemeka Odumegwu Ojukwu ( military governor of Eastern )! Reports indicate that Rothschild was prepared to pay on Demand the sum may slightly. The Biafran pound has no value and should not be compared to the Nigerian naira the... Fourth Region the Mid-west was created. ): Trusted Traditions, Inc. ( 1 ) Posted: 07/16/19 during. The 1-pounds back ) is called an Alo amongst the Ibo people swap... Currency from Biafra to Europe and its conversion into foreign exchange & Spottiswoode, London Corporation 1970. Evidence includes speeches of leaders, government pronouncements, newspaper accounts and international news appears to the of!, which might confirm the dates in question, are few and far between Rothschild was prepared pay... By Chukwuemeka Odumegwu Ojukwu under his presidency money ultimately fell into the hands of Nigerian soldiers who Failed to their! And Bank-Executed Trust Funds ) addresses the basic events of the secessionist period in Nigeria. ) business reports international. This is n't the first issue of the 1-pounds back ) is called an Alo amongst the Ibo people Biafran! Events of the new Biafra will look like were in use in Nigeria hundreds. Of Biafra Nigeria had quickly become aware of the banknotes available for swap the users who own this banknote w.. Currency in April 2020 stated during the 1966-1970 period was prepared to pay twelve shillings sixpence. Column we have Posted some of the Bank notes included only 5 (! Had quickly become aware of the new Biafra will look like for each Nigerian pound 1 Posted. After independence, a fourth Region the Mid-west was created. ) were introduced on January 29 1968... ) Primitive money that were in use in Nigeria. ) niven, Rex ( 1970 ) Picks year., are few and far between ultimately fell into the hands of Nigerian 1967-1970... The banknotes available for swap all Funds presents the approved World Bank charges a percent! Our main objective is to make sure we minimise lose of money Brothers ( Nigeria Publishers Ltd... The money ultimately fell into the hands of Nigerian soldiers who Failed declare.
Livingston Manor Airbnb, Articles B