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FG Finally Unveils New N100 Centenary Note - Politics - Nairaland

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FG Finally Unveils New N100 Centenary Note by Rapsainot(m): 11:20pm On Nov 12, 2014
Contrary to earlier reports, the new N100 centenary
banknote was formally presented to the Federal
Executive Council, FEC, meeting presided by
President Goodluck Jonathan at the State House in
Abuja today, Wednesday, 12 November, 2014.

It was reported last week that the new N100 note,
which has the inscription of the theme of the
centenary celebration: “One Nigeria, Great Promise”
as a micro-text, would be unveiled on 5 November,
2014.
However, The Nation reports that the Governor of
the Central Bank of Nigeria (CBN), Godwin
Emefuele, presented the note to the FEC today in
Abuja.
Speaking at the occasion, Emefuele stated that the
note is to commemorate 100 years amalgamation of
the northern and southern protectorates in 1914.
He also stressed that it was produced with the most
advanced technology in the world, adding that the
note retained the picture of late Chief Obafemi
Awolowo on the front side.
The Apex bank boss informed that the new note has
security features against counterfeiting and with
special durability tolerance.
According to Emefuele, the Zuma Rock at the back
of the current note has been replaced by Q.R. code
and other pictures.


Front view of the new N100 note.
He informed further that with telephone set and an
iPad having QR code scanner and the application to
be released by the bank, Nigerian will be able to
scan and read historical facts about Nigeria.
Also speaking at the event, the Minister of Finance,
Dr. Ngozi Okonjo-Iweala, who wondered how much
it will cost to print the notes, noted that the Q.R.
code features will be useful for students to catch up
with the history of Nigeria.
It was gathered that various programmes have
been scheduled to take place before the issuance of
the new note to Nigerians.



Back view of the new N100 note
Among the planned programmes is a partnership
programme aimed at banknote equipment
manufacturers and other machine suppliers which
will hold next Wednesday.
It was gathered from the unveiling that the new
notes will be issued into circulation on Friday, 19th
December, 2014.

Source :http://www.naij.com/321822-fg-finally-unveils-new-n100-centenary-note.html

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