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Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) - Business - Nairaland

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Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) by TrendedNG(f): 2:45am On Feb 26, 2018
[img]https://4.bp..com/-ZB6X2rb6cyw/WpNlglhCJVI/AAAAAAAADvQ/n0I_AV0YLZEZ-f4egefkk2LyQspn3DsogCLcBGAs/s1600/6570474_50kobo_jpeg6ad4821108342d9d94d35bc30ddc73ec.jpg[/img]

Who still remembers the 50 kobo note? The 50k note was one of the 4 denominations (50k, ₦1, ₦5 and ₦10) to be introduced on January 1, 1973. Before the introduction of the Nigerian Naira-Kobo currency, the country had used the Nigerian pounds and shillings which were issued on the 1st of July 1959, and before 1959, Nigerians made use of different forms of money including cowries and manilas in a traditional form of exchange known as barter.
The image on the front of the 50k note is that of the Central Bank Building in Lagos, and at the back is that of log cutters. The watermark is a heraldic eagle. The notes were last issued in 1989 and were coined in 1991.

If you used the 50 kobo notes comment below.
Re: Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) by omaolowo(m): 3:17am On Feb 26, 2018
OP is referring to 50 Kobo: a currency note that was issued only just "yesterday"!
Hmmnnn....

So what do you want to say to those of us that spent its predecessor, the 5 shillings note?

Before the introduction of Naira and Kobo in 1973, we were using Pounds, Shillings and Pence.
12 pence make 1 shilling
20 shillings make 1 pound

I hereby present to you, the 5 shillings note which was the equivalent of 50 kobo when decimalisation changed our Pounds, Shillings and Pence to Naira and Kobo

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Re: Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) by omaolowo(m): 3:21am On Feb 26, 2018
Let me seize the opportunity to show you the back of the 5 shillings note

grin

Re: Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) by omaolowo(m): 3:31am On Feb 26, 2018
Now, with both notes side by side

Re: Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) by SIaye: 4:27am On Feb 26, 2018
Mehn i didn't even see or hear about it when i was growing up lol.
Re: Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) by TrendedNG(f): 4:44am On Feb 26, 2018
omaolowo:
OP is referring to 50 Kobo: a currency note that was issued only just "yesterday"!
Hmmnnn....

So what do you want to say to those of us that spent its predecessor, the 5 shillings note?

Before the introduction of Naira and Kobo in 1973, we were using Pounds, Shillings and Pence.
12 pence make 1 shilling
20 shillings make 1 pound

I hereby present to you, the 5 shillings note which was the equivalent of 50 kobo when decimalisation changed our Pounds, Shillings and Pence to Naira and Kobo

Wow
Re: Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) by TrendedNG(f): 4:45am On Feb 26, 2018
SIaye:
Mehn i didn't even see or hear about it when i was growing up lol.

Lol
Re: Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) by FIDELITY24(m): 6:21am On Feb 26, 2018
Those are the good old days, am sure back then the money had value unlike the useless naira notes we have now.
Re: Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) by naijanative: 6:40am On Feb 26, 2018
I used it. It could buy sizable groundnut in late 80's. grin

Never used shillings anyway
Re: Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) by agarawu23(m): 7:04am On Feb 26, 2018
When Naira had value
Re: Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) by Virus777: 9:17am On Feb 26, 2018
omaolowo:
Let me seize the opportunity to show you the back of the 5 shillings note

grin

Wow, I'm awestruck!

I guess you're a grand daddy now? cheesy
Re: Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) by TrendedNG(f): 9:25am On Feb 26, 2018
FIDELITY24:
Those are the good old days, am sure back then the money had value unlike the useless naira notes we have now.

True
Re: Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) by TrendedNG(f): 9:25am On Feb 26, 2018
agarawu23:
When Naira had value

Lool
Re: Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) by TrendedNG(f): 9:26am On Feb 26, 2018
Virus777:


Wow, I'm awestruck!

I guess you're a grand daddy now? cheesy

cheesy
Re: Remember The 50K Note? Did You Spend This Note Back In The Day? (photos) by CTechHub(m): 11:43am On Feb 26, 2018
wow..when Nigeria was Nigeria

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