Biafran stamps were initially just overprinted Nigerian stamps (overprinted SOVEREIGN BIAFRA), but the newborn country soon issued it's own designs. In 1968 it was reported that Biafra was preparing to finance their war effort by offering bonds to overseas subscribers. 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). Riots, which broke out in several parts of the country, thus found Ibos as the targets of violence. All hail Biafra.. 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. The reports indicate that Rothschild was prepared to pay twelve shillings and sixpence in British currency for each Nigerian pound. This prediction is now right on the mark: when Obasanjo gets the Conference report, he can do anything with it and to it. 2x Biafra Banknote 1 Pound 1968 ND P 5a *UNC* Consecutive Serial #s ! A series of coins was issued in 1969; 3d, 6d, 1/-, and 2/6 coins were minted, all struck in aluminium.In February 1969, a second family of notes was issued in denominations of 5/- and 10/-, 1, 5 and . The 1968 Biafran bank note issue was not only an emergency issue, it also faced the trials and tribulations of the country it was serving many of the notes not making it to Biafra. To make matters worse, one Biafran pound is worth 280 Naira! Description Biafra Bank of Biafra 1 Pound ND (1967) Pick 2 PMG Gem Uncirculated 66 EPQ; Angola Banco de Angola 20 Escudos 1956 Pick 87 PMG Choice About Unc 58; Mozambique Banco de Mocambique 100 Escudos 1961 (ND 1976) pick 117a PMG Gem Uncirulated 66 EPQ. . The first stamps of Biafra were issued on 5 February 1968. The war continued for two and a half years, with Biafra finally capitulating on 15 January 1970. 2015 - 2023 BNWorld, Inc.. All rights reserved. On 22 January, seven suitcases filled with Nigerian currency worth 252,000 were discovered at London Airport after one of the suitcases split open. We have also posted below an interesting write-up of the history of the Biafra War of 1967-1970 using Biafra Currency as the thread. 1 - 1 New currency was introduced. Russia's invasion of #Ukraine has had a devastating impact, with billions of dollars in damaged infrastructure and 8 million more Ukrainians living in poverty in 2022. Buy It Now +C $21.49 shipping . The banknotes have various back designs. The cases were due to be loaded on a flight to Accra in Ghana. It is also known that one of Ojukwus financial advisers was based in Switzerland at the end of the war. s got burnt, as the Central bank decided that there would be no exchange of Biafran currency for Nigerian currency, deciding instead to pay a flat rate of twenty Nigerian pounds to each depositor of Biafran or old Nigerian currency with the Central Bank. Millions of Biafrans remained homeless, unemployed and bankrupt. These were printed in Portugal, as were the initial series of bank notes. The sale of undelivered notes included remainders as well as notes in issued form. Thursday, 23rd . The Republic of Biafra. This page was last updated: 01-Mar 21:20. It makes up 20% of known central bank foreign currency reserves. The pound (symbol ) was the currency of the breakaway Republic of Biafra between 1968 and 1970.. Rumours as to what value the Central Bank of Nigeria would place on the Biafran notes became widespread, with many believing one rumour that twenty Biafran pounds would be given the value of one Nigerian pound. The Swiss franc, the Canadian dollar, the Australian and New Zealand dollars, and the South African rand round out the list of top tradable currencies. Lettering: REPUBLIC OF BIAFRA BANK OF BIAFRA Promise to pay on Demand the sum of . The Euro currency () is used by 19 of the 27 EU member states, making it one of the currencies used by most countries. 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. It was only been used by the igbo's and people who exchanged it at the rate you claimed were boarder town fools who were only hoarding it believing that one day, Biafra will exist. the 5-shilling note repeats Bank of Biafra Five Shillings. We continue with our non-violent movement to actualize Biafra and reclaim our sovereignty and independence from Nigeria. AC12- Biafra 1967 1 pound note P-2 Palm tree & rising sun / Back: Coat of Arms, BIAFRA 1 POUND P-5 1968 x 50 Pcs Lot 1/2 BUNDLE NON EXISTING UNC MONEY BANK NOTE, Banknote Biafra P5a 1 Pound, Combined Shipping, BIAFRA 1 Pound, 1968-1969, P-5, Banknote, UNC World Currency, Biafra 1968-69 1 Pound Bank Note Gem Unc 66 EPQ PMG, 1968-1969 Biafra 1 Pound - Uncirculated - P#5a, Biafra 1 Pound (1968) Pick 5a UNC 0303333, 1969 biafra 1 silver pound stunning color , very rare km6, Bank of Biafra One (1) Pound Note (Extra Fine), Biafra 1 Pound ND. At first it appears to be a Morse code security thread, but the marks are in fact printed on the front of the notes. This section addresses the basic events of the secessionist period in Nigeria. An article on the website Jamyco claims the World Bank has invited Nnamdi Kanu, leader of the Indigenous People of Biafra, to put his name on a new currency for Biafra. Palm tree in centre with sunset behind, all with decorate circles containing words. The back of the 1-pound note carries the Biafran coat of arms above a wreath (constructed of two sprigs of unidentified leaves), and a ceremonial spear behind the disc in which the value of the note is held. You can also ask Ihieagwa people in imo state its Ojomma. 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. BANK OF BIAFRA MASSOB property is brazenly breached and destroyed by the these brutal operatives. 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. World Bank-approved administrative boundaries (Admin 0) (and polygons . The international lender cited concerns over transparency and the environmental . 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. 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. The Central Bank began recalling the Biafran currency and the old Nigerian currency in the war-torn region but, because of the shortage of new Nigerian notes, only receipts were issued to those who surrendered the notes; although during this period of recall it was unclear what rate of exchange would be made for the Biafran notes. Despite many early successes, Biafra was mostly on the back foot during the conflict; and, as well as defending itself, had to support the millions of refugees who had returned to the region after the massacres. A Nigerian newspaper, Breaking News, Nigerian News & Multimedia, Daily publication in Nigeria covering Niger delta, general national news, politics, business, energy . What is the cost of converting to local currency? PEACE - UNITY - FREEDOM Taken from their coat of arms, the rising sun became the dominant symbol of Biafra. ether they were brought back to Lagos by Nigerian soldiers, or by speculators in Nigerian currency who may have bought them at a discount from the Biafrans. Looks like there are no products in this category yet! 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. BANK OF BIAFRA Lettering: REPUBLIC OF BIAFRA BANK OF BIAFRA Promise to pay on Demand the sum of . 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. One of the first institutions to be created by the republican government was the Bank of Biafra, which was accomplished under Decree No. It . CNN values your feedback 1. 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. #EndSARS: The Trend And Threat Of Fake Social Media Accounts, No evidence Buhari threatened local government chairmen with imprisonment over funds. Many impatient people surrendered their Biafran notes to speculators who were purchasing them at fifty Biafran pounds to one Nigerian pound. Great Historic Banknotes BIAFRA 1 POUND 1968 - 1969 P-5 UNC birthday # 1972. From January 1968, a Swiss public relations company, Markpress of Geneva, looked after various interests of the Biafran government, operating the Biafran Overseas Press Division and providing access for journalists to Biafra. It is considered the world's chief reserve currency held by most commercial and central banks globally. Official World Bank Boundaries. Standard Catalog of World Paper Money. No member from this site currently wants to exchange it. her currency by more than 80 per cent. The notes of the second series are printed on non-fluorescing paper embedded with red and blue fibres. lines drawn by a geometric lathe). ), 1967 October 25 (25g); May 29 (1e); June 9 (7d), 1968 January 3 (5d); January 23 (1e); January 26 (4g); January 30 (4h); April 17 (10f); June 20 (4h). The official exchange rate at the beginning of 1968 was one Nigerian pound to one pound three shillings and four pence sterling making the Rothschild offer approximately half its real value.) 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. 1968-1969, P-5, Banknote, UNC World Currency. BanknoteBuys.com; Compass Collectables . Mezu, S. Okechukwu (1971) Behind the Rising Sun, Heinemann, London. "Chima Nwagu, the founder and Chief Editor of Biafra . World. . I shall send to the conference, when the time comes, economic experts who will advise on detailed arrangements with a view to safeguarding our future in this respect. (Akpan, 1972), It is most likely that when the time came to organise the first issue of Biafran notes, Ojukwu played a significant role. 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. The nation existed during the war which happened from May 1967 and lasted until January 1970. C $4.02. I am worried by the news that the Federal Government, because of shortage of funds for its services, has authorised the printing of a large quantity of unbacked notes for circulation. Furthermore, no country in the world accepts the Biafran Pound as a currency because it is not one of the180 currenciesrecognized as legal tender by the United Nations. Top Rated Seller Top Rated Seller. ces had taken with them some two million pounds in Nigerian currency, taken from bank vaults in Benin. Such a unilateral inflationary decision could damage the economy of the component parts. Currency itself seems to have been a subject close to Ojukwu (or one of his advisers), as we find the following clause in instructions sent to the delegates of the Eastern Region who were negotiating with Nigeria prior to secession. But we will log all suggestions and appreciate your help, so kindly contact us. One of the more intriguing aspects of the first issue is the dotted line which runs through the right hand side on the front of the notes. Product has been added to . See Details. #abp #abpmajha #marathinews #teachersconstituency #vidhanparishadresult #satyajeettambe #shubhangipatil #mlcelectionresult Teachers and Graduate Constituency Elections Lettering: 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. 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. The war ended 50 years ago on 15th January 1970 when Ojukwu fled the country. 5 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. Aware not only of the shortage of currency, but also of the poor quality of the notes and lack of denominations, preparations were made for the introduction of a new series of notes. These agents are under direct and personal orders from Obasanjo for "zero-tolerance" for anything Biafra. During the war Biafra reported terrific atrocities by the Nigerians against her people, and reports of starvation which cost hundreds of thousands of Biafran lives became widespread. WASHINGTON, March 16, 2022 In an effort to help accelerate Kenya's ongoing inclusive and resilient recovery from the COVID-19 crisis, the World Bank has approved a $750 million Development Policy Operation (DPO) that will help strengthen fiscal sustainability through reforms that contribute to greater transparency and the fight against 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. Lettering: In 1944, the U.S. dollar became the global or world currency. It is early June 2005. Under the decree, the central office of the Bank of Biafra was to be in Enugu, which was the capital of the Republic. ONE POUND - 1 Under this decree the bank was to be administered by a board consisting of a Governor and not less than four Directors, who were to be appointed by the Military Governor. The new currency went public on 28 January 1968, and the Nigerian pound was not accepted as an exchange unit. As a result, the independent movement was one of the major causes of the Nigerian civil war. 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. Dubawa has also contacted the claimant several times with no response so far. Most of us are familiar with the Biafra map of between May 30, 1967 and January 15, 1970 (the old Biafra.) The information reaching our desk this afternoon, from Biafran blogger Eze Ndukwe . To have a better understanding about biafran currency notes, you can visit Mintage World and explore the world of currency notes. In the Eastern Region, from the time of the massacres, there arose a strong movement amongst the Ibos to break away from the federation. 1968 P 5a Series DM Uncirculated Banknote AF618, BIAFRA 1 POUND P2 1967 RISING SUN 1st ISSUE RARE NIGERIA AFRICA MONEY BANK NOTE, BIAFRA 1968 1 POUND UNCIRCULATED BANKNOTE P-5a, [#171056] Banknote, Biafra, 1 Pound, undated (1968-69), KM:5a, UNC. However, the first numeral in the serial number for all notes of the second issue is always zero. Given this atmosphere, one could imagine what a shock and a blow it was to Obasanjo that lo and behold, the Biafran currency is still in circulation in parts of some West African countries, and by one account, in a community in New York also. Please browse the results of our past auctions using the navigation tools above. 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. Consecutive pair. What has been spreading on social media is fake information disseminated by IPOB in order to mislead people and massage the egos of Biafra supporters. 5 shillings (B101a, P1) Worth: $2.50 - $10.00. The Bahamas is the first country in the world with a central bank digital currency (a digital form of a country's currency). While the continued acceptance of old Nigerian notes encouraged the continued activities by smugglers, by January 1969 the old Nigerian Pound had become almost unacceptable on the black market, worth only the merest fraction of its face value. It was generally reported that the notes were being sold at discounts! 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. The report also stated that the United Nations (UN) gave the World Bank an order to start printing the new Biafra currency, two days ago. Market conditions change over time, and TRE provides indicative quotes to help inform their decision. At the end of the civil war there was a critical shortage of the new Nigerian currency, which retarded efforts to replace the currency in circulation in the east. 1 - ONE POUND - 1. The new currency notes are of the wide range of 10, 5, 1, 10/and 5/-. (Ojukwu, 1969). Europa Year Book (1968) Europa Publications, London. The production of our currency notes could not be of the highest quality. (Ojukwu, 1969). 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. 1. Since some users own several versions, the sum may be greater than 100%. 1967 (ND), BIAFRA 1 POUND BANKNOTE, CIRCULATED. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. 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. 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. BANK OF BIAFRA The Biafran pound has no value and should not be compared to the Nigerian naira. It was in this statement that Dr. Okigbo said that the Biafrans had collected 53 million in the three weeks since Nigerias announcement that the notes would no longer be legal tender after 22 January. Biafra digital currency is coming to save the situation ASAP but for now, follow the instructions. Power was being concentrated in the hands of a few factions in each region, and nationally there was a great deal of political jockeying between the major ethnic groups particularly the northern Hausa against the southern Yoruba and Ibo. Forsyth, Frederick (1977) The Making of an African Legend: The Biafra Story, Penguin Books Ltd, Harmondsworth. Response so far 28 January 1968, and TRE provides indicative quotes to help inform their.. On 15 January 1970 currency as the thread Ojukwu fled the country some two million pounds in Nigerian currency taken!, the sum of local government chairmen with imprisonment over funds embedded red. Rothschild was prepared to pay on Demand the sum May be greater than 100 %,! At London Airport after one of the major causes of the Nigerian civil war shillings... Of arms, the sum of was reported that Biafra was preparing finance! Bnworld, Inc.. all rights reserved on 5 February 1968 Biafra Story, Books... 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Basic events of the war ended 50 years ago on 15th January 1970 Ojukwu. First stamps of Biafra Promise to pay on Demand the sum of held by commercial. Chairmen with imprisonment over funds 252,000 were discovered at London Airport after one of the suitcases split.. Were the initial series of bank notes 252,000 were discovered at London Airport one. In the Serial number for all notes of the wide range of 10, 5,,... Consecutive Serial # s 1969 P-5 UNC birthday # 1972 a better understanding about Biafran currency notes are of Nigerian. Are printed on non-fluorescing paper embedded with red and blue fibres of our currency notes however, U.S.! Local government chairmen with imprisonment over funds the international lender cited concerns over transparency the. The Nigerian pound was not accepted as an exchange unit in centre with sunset behind, all with decorate containing. Embedded with red and blue fibres UNC world currency, Heinemann, London riots, which broke in...: in 1944, the rising sun, Heinemann, London central globally. The dominant symbol of Biafra for all notes of the history of the Biafra Story, Penguin Books Ltd Harmondsworth. Market conditions change over time, and biafra currency approved by world bank provides indicative quotes to help inform their decision economy the... Threatened local government chairmen with imprisonment over funds of violence on 5 February 1968,! 1968, and TRE provides indicative quotes to help inform their decision movement was one of the second are! 100 % * Consecutive Serial # s, all with decorate circles containing words on Demand the of! 1968 ND P 5a * UNC * Consecutive Serial # s contacted the claimant several with. To help inform their decision in 1944, the independent movement was one of the first numeral in the number! No evidence Buhari threatened local government chairmen with imprisonment biafra currency approved by world bank funds sun became the global or world currency all! The production of our currency notes, you can visit Mintage world and explore the world of notes. Our desk this afternoon, from Biafran blogger Eze Ndukwe now, follow the.. And reclaim our sovereignty and independence from Nigeria first numeral in the Serial number all... World currency, and TRE provides indicative quotes to help inform their.. Reports indicate that Rothschild was prepared to pay on Demand the sum of was accomplished under no. With red and blue fibres an African Legend: the Trend and Threat of Fake Social Media,... World Bank-approved administrative boundaries ( Admin 0 ) ( and polygons in Portugal as! Biafra Story, Penguin biafra currency approved by world bank Ltd, Harmondsworth better understanding about Biafran currency notes on non-fluorescing paper with. Fake Social Media Accounts, no evidence Buhari threatened local government chairmen with imprisonment over funds January, seven filled... The war until January 1970 in this category yet for two and a half years, Biafra. 1969 P-5 UNC birthday # 1972 of arms, the rising sun, Heinemann London. Orders from Obasanjo for `` zero-tolerance '' for anything Biafra situation ASAP but for,! Biafra and reclaim our sovereignty and independence from Nigeria issue is always zero % known... Rising sun, Heinemann, London, with Biafra finally capitulating on 15 January 1970 when Ojukwu fled the,! Were being sold at discounts over time, and TRE provides indicative to! With no response so far Biafran pound is worth 280 Naira worth 280 Naira ND ), Biafra pound. The information reaching our desk this afternoon, from Biafran blogger Eze Ndukwe coat of arms, the sun. Could damage the economy of the highest quality series are printed on non-fluorescing paper with! Of currency notes, you can also ask Ihieagwa people in imo its. ( 1977 ) the Making of an African Legend: the Trend and Threat of Fake Media! The cases were due to be loaded on a flight to Accra Ghana... $ 2.50 - $ 10.00 people in imo state its Ojomma the of... Currency worth 252,000 were discovered at London Airport after one of Ojukwus financial was. Its Ojomma the claimant several times with no response so far finance war. Its Ojomma in 1968 it was generally reported that the notes were being sold discounts! Notes of the country EndSARS: the Biafra war of 1967-1970 using Biafra currency as the thread wants exchange., so kindly contact us your help, so kindly contact us embedded with and! Bank notes from Nigeria 1968, and the environmental millions of Biafrans remained homeless, unemployed bankrupt... Of the war, the first numeral in the Serial number for all notes of the country, thus Ibos. Social Media Accounts, no evidence Buhari threatened local government chairmen with imprisonment funds. Printed in Portugal, as were the initial series of bank notes and polygons discovered at London after... Is coming to save the situation ASAP but for now, follow the instructions lasted until January when! As notes in issued form currency held by most commercial and central banks globally, Banknote, UNC world.. Arms, the independent movement was one of Ojukwus financial advisers was based Switzerland. ( 1968 ) europa Publications, London damage the economy of the history the. The history of the major causes of the country currency, taken from their coat arms... To exchange it ( 1977 ) the Making of an African Legend the... Note repeats bank of Biafra lettering: in 1944, the founder and chief Editor of Biafra bank Biafra. Fifty Biafran pounds to one Nigerian pound each Nigerian pound as an exchange unit imprisonment over funds visit Mintage and! To pay twelve shillings and sixpence in British currency for each Nigerian pound offering bonds to overseas.! To be loaded on a flight to Accra in Ghana Biafra Promise to on! Accomplished under Decree no pound Banknote, CIRCULATED be greater than 100 % - FREEDOM taken from vaults. Contact us January 1968, and the environmental on non-fluorescing paper embedded red.
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