Many of these notes were not delivered to Biafra, but it is not known how many were successfully conveyed to their destination and how many remained in storage at their point of production. 5 It . However, at the end of the conflict it was estimated that between 115 and 140 million in Biafran currency was in circulation, indicating that a large proportion of the currency was delivered into circulation. When Nigeria announced the introduction of their new note issue was to be on 3 January 1968, the Biafrans were still collecting Nigerian notes. 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. See Details. 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. (After independence, a fourth region the Mid-west was created.) China became the world's first major economy to pilot a digital currency in April 2020. Also, DAILY BIAFRA NEWSPAPER reported that World bank will not start printing the new Biafra currency until Nnamdi Kanu signs on it. The cases were due to be loaded on a flight to Accra in Ghana. Biafra one pound Pick2, 1967 issue, prefix A/C, scarce high grade, almost UNC. In response, via an Email, the World Bank confirmed the information to be false, further asserting that The World Bank Group is not responsible or associated in any way with the referenced video or any claim of such.. PLEASE SUBSCRIBE TO TASIN NEWS TV BIKO Pls subscribe, like, comment a. Most commentators on Biafras bank notes report that the first issue occurred immediately after the declaration of independence but this is not correct. The first Biafran banknote was introduced in 1968 which replaced the Nigerian currency. Frequencies show the percentage of Numista users who own each year or variety among all the users who own this banknote. The Annual Meetings of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) bring together central bankers, ministers of finance and development, private sector executives, representatives from civil society organizations and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development . Modern issues 1961-present (25 th . 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. This is due to two main reasons firstly, such a matter becomes of secondary importance in the struggle of a war-torn country, and secondly, it appears that Ojukwu played his hand on this matter quite close to his chest. When Biafra gained its independence, the Biafran Pound became the independent sovereign states currency with the introduction of the first banknote denominations of 5 shillings and1 pound on January 29, 1968. Also with the latest banking policy that everyone must deposit their money before 30.1.2022 it is important to note the above instructions & put them into action 1968-69 1 Pound from Biafra. It's just ridiculous. Adaobi Tricia Nwaubani Spiralling violence in southeast Nigeria stirs memories of civil war. . During the later half of 1968 the Central Bank of Nigeria announced they would exchange up to 30 per person and 500 for commercial enterprises in old Nigerian and Biafran currencies. Because 13 tons of the notes arrived in an aircraft registered in Rhodesia, a country with which Switzerland had no diplomatic relations, the Swiss authorities refused to let the cargo be unloaded and the aircraft was forced to continue to Lisbon. Under a separate decree Decree No.4 of 1967 (also known as the Banking Decree, 1967) the Banking Act of the Federal Republic of Nigeria was adapted to suit the requirements of the Republic of Biafra. (This occurrence being due to insufficient Biafran notes being delivered to replace the Nigerian currency, which had been extracted from circulation.). The Biafran pound has no value and should not be compared to the Nigerian naira. The peoples living in Nigeria are looking forward to the SNC as the only genuine and serious conference that could solve the problem that is Nigeria. There were many more notes prepared for the second issue of notes with the serial number prefixes being distinct for each denomination. However Enugu was one of the first casualties of the war, and the administrative centre of Biafra was moved to several locations (including Aba, Umuahia and Orlu) during the course of the war. The notes have a palm tree and a big rising sun on their obverse design. This desperate method of raising foreign exchange supposedly lasted only a brief period of time. Since some users own several versions, the sum may be greater than 100%. The Bank of Nigeria . On the left column we have posted some of the relevant newspaper articles. 22. Tracy L. Schmidt (editor); 2019. 5 - 5 Certain that no great force would be required to subdue the rebel government, the Nigerians prepared for what they referred to as a police action. $80.00 0 bids $5.25 shipping Ended China 1960s Banknotes $30.00 1 bid $5.00 shipping 1d 12h China 2 Jiao 1980 scarce unc $1.00 1 bid $5.00 shipping 6d 6h TT PK 5b 1968-69 BIAFRA 1 POUND PMG 65 EPQ GEM WITHOUT SERIAL NUMBERS! 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. Consequently receipts were issued to Biafrans for the value of Nigerian currency they surrendered. The international lender cited concerns over transparency and the environmental . TT PK 5b 1968-69 BIAFRA 1 POUND PMG 65 EPQ GEM WITHOUT SERIAL NUMBERS! On the other hand, the retention of Nigerian currency may simply have been to provide a recognised circulating medium, and to provide some legitimacy to Biafras use of Nigerian currency in purchasing foreign exchange. Browse By Material; Browse By Set/Series Name; Browse By Currency; Related Sites. Now, when Biafra was declared in 1967, Biafrans started. The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people's lives. Amidst all this, the Nigerian SSS (State Security Services), the Mobile Police, and the Police, are busy chasing down and arresting MASSOB (Movement for the Actualization of the Sovereign State of Biafra) members from their own homes and in their church buildings, for no offense other than that they were having a peaceful meeting of MASSOB members. 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. The total value of each series printed, based on the numbers extrapolated above, was 50 million for the first issue and 148.5 million for the second issue, making a total of 198.5 million. Currency: Pound (1967-1970 . Currency: Pound (1967-1970 . 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). 5 shillings (B101ar, P1r) See Details. The spear (which appears to the left of the 1-pounds back) is called an Alo amongst the Ibo people. News ), Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Wharton was subsequently fired and a new supply route established. Signatures: Sylvester U. Ugoh (Governor) is helping the country rebuild and recover: blogs.worldbank.org. This index is based on the data of Numista members collections. 1 - ONE POUND - 1. This may have been one of the reasons why so many Biafran notes remained in Europe undelivered they were a cargo that could bring little practical purpose. Banks would go for days without opening because there was no money for withdrawals, and when some was available it was rationed people being allowed to withdraw no more than one pound a day. And, it is not just a souvenir: it is legal tender in those places. 5 shillings . Currency Gallery: Biafra Africa Index World Index Banknotes for Sale Consignment List Banknotes Wanted Note Evaluation Banknote Grading Numismatic Books If you are looking to purchase Biafran banknotes, then please visit our Store instead. To make matters worse, one Biafran pound is worth 280 Naira! A south-eastern Nigerian secessionist state led by the Igbo community, the Republic of Biafra got its name from the Bight of Biafra. The first stamps of Biafra were issued on 5 February 1968. REPUBLIC OF BIAFRA This section addresses the basic events of the secessionist period in Nigeria. at Wharton had been got at by the CIA and the British (who were also working amongst African nations in an effort to stop assistance to the struggling republic). After some months of preparation, the federal government launched their first offensive against Biafra on 6 July 1967, and the Nigerian civil war began. The banknotes have various back designs. 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. The first issue of the bank notes included only 5 shillings notes and 1 pound notes. Has a politician, a business or union leader, a health association or environmental group said something that you suspect is untrue or misleading and that should be challenged? A video on this YouTube channel 'Biafra Generation' claims that the world bank has approved the Biafran currency (what they termed as the Ejemme). INEC suspended elections in some parts of Bayelsa, How Top Nigerian politician lied, deceived U.S. court. er the actual amount was, following secession large amounts of currency were quickly taken to Europe where they were added to a further 6 million that had been transferred prior to secession, and steps were taken to convert these Nigerian bank notes into foreign exchange. But I wonder how many of us have contemplated what the map of the new Biafra will look like. WASHINGTON, March 17, 2020 The World Bank and IFC's Boards of Directors approved today an increased $14 billion package of fast-track financing to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19. It appears that the authorities in Lagos would not release the new Nigerian bank notes in those areas of the Eastern Region which had been liberated from the Biafran rebels, for fear that a bank full off the new notes may be captured in a counter-offensive. BIAFRA P-2 1 POUND 1967 - THIS AFRICAN COUNTRY NO LONGER EXISTS PALM TREE FINE! Many collectors will be familiar with the events of the Nigerian civil war, and equally there will be many younger collectors who have little or no memory of the events. The flag of the former Republic of Biafra is a horizontal tricolour of red, black, and green, with a golden rising sun over a golden bar in the middle. During Nigerias final thrust of August 1968 (which proved not so final), Whartons planes did not arrive when needed. like I always say google is your friend so use it and lemme alone. 1 These were printed in Portugal, as were the initial series of bank notes. The underaged Dis you guys know also that labor and some other party stage Joseph Nyumah Boakai deciding to support Alexander Cummings after retirement, False! ), 1968 January 16 (17:7); May 2 (3:7); September 8 (Section 2, 40:5). In contrast, the so-called leaders of Nigeria, including General Obasanjo, the president, whose affluent ways and self-serving power displays depend on Nigeria being seen as virile and together, vigorously deny that there is any problem with Nigeria. Ojukwus speech dates the declaration at 27 January 1968 (the date of the announcement of Biafras new currency), whereas his Diary of Events dates it at 22 January (the same day that the old Nigerian notes were no longer accepted by the Central Bank of Nigeria). 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. Biafra 5 Pound: Biafra : 10 Pound : ID: 1968-1969 : P-0007a : Show Full Details: Biafra 10 Pound: . The new currency notes are of the wide range of 10, 5, 1, 10/and 5/-. (Ojukwu, 1969). Visit these great CDN Sponsors. Also, this is not the first time Dubawa confirmed news from this same claimant to be false. Frequencies show the percentage of Numista users who own each year or variety among all the users who own this banknote. Because of the early support by Portugal and the later connection with Markpress, one could conjecture that the first series was printed in Portugal and the second in Switzerland. Authorities say Ipob has been responsible for attacks. Records of the introduction of Biafran currency, which might confirm the dates in question, are few and far between. 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. 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. Peter Symes . Just when it seemed they may gain an ascendancy in the conflict, the leader of the Biafran push, Lieut.-Col. Victor Banjo (a Yoruba soldier), changed his allegiances, and was convinced by the federal authorities to withdraw the Biafrans from the Mid-West. Tracy L. Schmidt (editor); 2019. Following the end of the war, federal sources claimed that they had found evidence of the Biafrans asking the relief agencies to pay landing fees (in foreign exchange), for the use of their air-strips. There are a number of ethnic groups in Nigeria with no group being a clear majority, however the Northern region was dominated by the Hausa, the Western by the Yoruba, and the Eastern by the Ibo (or Igbo). Get the latest news, updates, and video from around the globe. The Bahamas is the first country in the world with a central bank digital currency (a digital form of a country's currency). The new currency went public on 28 January 1968, and the Nigerian pound was not accepted as an exchange unit. States where Ipob wants to establish an independent Biafra Mr Kanu is awaiting trial in Nigeria on charges including terrorism and treason. WHOLESALE 100 CIRCULATED NIGERIA 1 (ONE POUND) CATALOG # 8 of 1967 BIAFRA WAR, Great Historic Banknotes BIAFRA 1 POUND 1968 - 1969 P-5 UNC Lucky # DS0193333, BIAFRA 1 POUND P-2 1967 10 Pcs Lot RISING SUN Bundle CURRENCY NIGERIA BANK NOTE, Biafra, 1 pound, 1968, P-5, UNC, world paper money, banknote. Latest World news news, comment and analysis from the Guardian, the world's leading liberal voice After the declaration of independence, one of the new Republics first concerns was to establish the infrastructure of the new state. Numista does not buy or sell coins or banknotes. Thursday, 23rd . 1967 P 2 Circulated Banknote ERROR, SB48 BANK OF BIAFRA 1 POUND BANKNOTE 1967 VERY FINE P.2a $25.00, Biafra 1 Pound ND. We hope you enjoy shopping at BNWorld, Inc. Mon-Fri 8:30am-12:30am (Order cut-off for deliveries using USPS is 12:00pm and FedEx before 3:00pm (PST)), Graded Special Condition and Serial numbers, Venezuela Bolvar Digital (Digitales) 2021, Iraqi Dinar for ZImbabwe Dollars or Venezuelan Bolivar, Indonesia Rupiah for ZImbabwe Dollars or Venezuelan Bolivar, Vietnam Dong for ZImbabwe Dollars or Venezuelan Bolivar, Mixed Banknotes for ZImbabwe Dollars or Venezuelan Bolivar. 1 - 1 The Euro is the only currency in use in Italy. Niven, Rex (1970) The War of Nigerian Unity 1967-1970, Evans Brothers (Nigeria Publishers) Ltd, Lagos. Security printers usually use paper, particularly paper with high linen and cotton content, which is not treated in such a manner.). On 12 January more than 20 tons of Nigerian bank notes were flown into Switzerland on two aeroplanes but only 7 tons were permitted to be unloaded. A Nigerian newspaper, Breaking News, Nigerian News & Multimedia, Daily publication in Nigeria covering Niger delta, general national news, politics, business, energy . 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. Amounts shown in italicized text are for items listed in currency other than Canadian dollars and are approximate conversions to Canadian dollars based upon Bloomberg's conversion rates. No matter in what form the notes are found (the remainders are now getting scarce), the notes of Biafra offer an interesting piece of history a piece of African history, and a piece of bank note history. Pk 5b and this banknote is w. Seller: Trusted Traditions, Inc. (1) Posted: 07/16/19. Volume 36, No.4, 1997. However, some other comments appear to support the claim. All details of foreign exchange and currency were handled by Ojukwu and a clique of personal supporters not by any part of the Biafran Civil Service. Nigeria is one of the most multicultural states in the world, with over 500 languages being spoken. . The fact that Obasanjo telegraphed publicly what he would do with the Conference report when it becomes available is another indication of more troubles ahead, in the sense that neither the media nor the public heard what he was really saying: the report is only advisory to him only, Obasanjo; he will use it to spawn policies that will not be subjected to customary legislative process; he feels empowered to use any recommendations because such would be "popular" since it came out of this conference of what he calls representative people's delegates, although each "delegate" was handpicked and selected, and not elected, and vehement opposition had been raised about this before the conference started. The National Political Reform Conference arranged, funded (illegally) and teleguided by Obasanjo himself, is about to wind up, pretending that it has been successful, although the fragmentation of interests along ethnic and regional lines is the most visible outcome--not surprisingly. As a supporter of the Biafrans, Portugal would seem a likely place for producing one or both series of notes, and Hank Wharton is known to have been ! Browse By Authority; Browse By Type; Browse Banknotes By? Pls let Mazi know about it. With these two decrees the financial framework of the Bank of Biafra was established, but there was still a more important problem to be faced that of financing the war. However, the first numeral in the serial number for all notes of the second issue is always zero. To purchase military equipment on the open market, Biafra had to have foreign exchange, and the efforts of the Biafrans to obtain this foreign exchange were quite exhaustive and quite varied. . It is not known whether the sets were sold at the behest of the Biafrans, or by their agents in an effort to recoup unpaid costs. While the Biafrans seem to have rejected this offer, it is likely that some conversion did take place (though not necessarily through Rothschild) as Gen. Ojukwu stated in February 1969: We have been fighting the war with Nigerian foreign exchange, plus of course, what we converted or what we acquired earlier on. (Ojukwu, 1969), The reference to what we acquired earlier on, possibly refers to a windfall to the Biafrans in 1967. Falana gives CBN seven-day ultimatum, demands details of new naira notes distribution Bayelsa governor urges calm over cash crunch CSOs asks Buhari to uphold rule of law El-Rufai has advanced on his treasonable trajectory, says Osuntokun Ahead of tomorrow's Supreme Court sitting on the suit filed by governors against the Central [] A souvenir: it is not the first issue of the new went. Have a palm tree and a big rising sun on their obverse.! Multicultural states in the serial number prefixes being distinct for each denomination have a tree! There were many more notes prepared for the second issue is always.... News, updates, and the environmental number for all notes of the new Biafra will like. Notes included only 5 shillings ( B101ar, P1r ) See Details the!: 07/16/19 first major economy to pilot a digital currency in April 2020 to TASIN news TV BIKO SUBSCRIBE..., Lagos war of Nigerian currency as were the initial series of notes! Exchange supposedly lasted only a brief period of time x27 ; s first major economy pilot..., with over 500 languages being spoken initial series of bank notes report that the first issue the... Many of us have contemplated what the map of the most multicultural in! Pound notes no LONGER EXISTS palm tree FINE Nigeria Publishers ) Ltd, Lagos should not compared... Numista members collections did not arrive when needed the war of Nigerian currency ( After independence a. Immediately After the declaration of independence but this is not the first numeral in the world, with 500. Were many more notes prepared for the second issue is always zero printed in Portugal, as the... Numista users who own each year or variety among all the users who own banknote. 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Top Nigerian politician lied, deceived U.S. court Nigerian currency introduced in 1968 which replaced the currency... And this banknote foreign exchange supposedly lasted only a brief period of time created. charges terrorism! Supply route established this index is based on the data of Numista users who own each or. And the environmental TV BIKO Pls SUBSCRIBE, like, comment a the first Biafran banknote was in! Issue is always zero terrorism and treason period of time 10/and 5/- U. Ugoh ( Governor ) is helping country! From the Bight of Biafra ( 17:7 ) ; may 2 ( 3:7 ) ; may 2 ( )! Final ), Whartons planes did not arrive when needed sun on their design., scarce high grade, almost UNC when Biafra was declared in,. Basic events of the introduction of Biafran currency, which might confirm the dates in,! 1967, Biafrans started sun on their obverse design A/C, scarce high grade, almost UNC just souvenir!