Wednesday, 12 November 2014

President Goodluck Jonathan Unveils N100 Commemorative Notes

President Goodluck Jonathan has formally unveiled the new N100 commemorative notes at the Presidential Villa, Abuja. The ceremony was initially to take place on Wednesday last week but was postponed due to the president's visit to Burkina Faso.  

Joining Mr. President to unveil the note was Vice President, Namadi Sambo and the Central bank Governor, Godwin Emefiele during the Federal Executive Council meeting.

Emefiele said it was issued to commemorate the 100 years of the nation’s amalgamation also listing some countries that had before now issued currencies to mark epochal events to include Morocco, Russia and Costa Rica among others. He added that the new notes were produced with advanced security features listing the design platforms, the note was made to include security, durability, attractiveness, cultural heritage and transfromation.

Jonathan lauded the CBN for coming up with the commemorative note, though it was coming a bit late since activities marking the nation’s centenary had been concluded. He recalled that commemorative N50 notes were also introduced to mark the nation’s 50th independence anniversary.

Dr. Ngozi Okonjo-Iweala, Minister of Finance also commended the CBN for coming up with the notes specifically lauding the QRC feature on the back of the note.
The code, if scanned with smart phones, leads users to a website where the nation’s history could be accessed. The minister also raised questions on the amount the CBN will use to print the new notes and whether it would be done locally.

Jonathan however said the questions would be answered when a memorandum on the issue is presented to the council.

Source: AIT

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