In order to protect currency users in the country from
counterfeiters, the Central Bank of Nigeria (CBN) has highlighted the basic look,
feel and tilt security features on the new commemorative N100 banknote for easy
identification of genuine currencies. It urged currency users in the country to
always check the paper and the raised embossed print by running their fingers
across the front of the new note, saying “you will feel the raised prints in
areas such as ‘Central Bank of Nigeria’, the image of Chief Obafemi Awolowo and
the N100 numeral on the top left and bottom corners.” It also advised that the
motion thread should be checked, adding that the security thread is embedded on
the banknote. Furthermore, the regulator urged currency users to check the
Optical Variable Magnetic Ink (OVMI Spark), which is a rolling bar that changes
colour from green to purple when tilted. This feature, according to the central
bank is superimposed on two squares with a manila, which are strategically
placed at the front of the banknote. “Check the QR (Quick Response) Code:
Digitalised barcode that tells the centenary story when scanned with an
internet enabled mobile device or an Ipad. It is located at the back of the
note. “Check the Serial Number: A unique seven digit novel serial numbering,
consisting of letters and numbers printed on the front side of the new note.
The horizontal number is conical, that is, it grows in height from left to
right,” it added. President, Dr. Goodluck Ebele Jonathan had unveiled the N100
centenary commemorative banknote on 12th November, 2014. The CBN Act of 2007
charges the central bank with the responsibility for the issuance and
management of the legal tender currency. The Bank is charged with the
responsibility to plan for the printing, issuance and management of the legal
tender currency in Nigeria. The Rationale for the introduction of the new N100
commemorative banknote was to celebrate Nigeria’s centenary (100 years of
existence) 1914-2014.
ThisDay, (Online)
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