The new nigerian currency

You're referring to the redesigned Nigerian currency!

In 2022, the Central Bank of Nigeria (CBN) introduced a new series of banknotes and coins to replace the existing ones. The new currency features enhanced security features and a new design.

Here are the details:

New Banknotes:

  1. N50 note: Features a portrait of Dr. Nnamdi Azikiwe, a Nigerian statesman and philosopher.
  2. N100 note: Features a portrait of Dr. Chukwuemeka Odumegwu Ojukwu, a Nigerian statesman and leader of the Biafran secessionist movement.
  3. N200 note: Features a portrait of Muhammadu Buhari, the current President of Nigeria.
  4. N500 note: Features a portrait of Obafemi Awolowo, a Nigerian statesman and politician.
  5. N1,000 note: Features a portrait of Alhaji Aliko Dangote, a Nigerian businessman and philanthropist.

New Coins:

  1. 50 kobo coin: Features a portrait of Dr. Nnamdi Azikiwe.
  2. N1 coin: Features a portrait of Dr. Chukwuemeka Odumegwu Ojukwu.
  3. N2 coin: Features a portrait of Muhammadu Buhari.
  4. N5 coin: Features a portrait of Obafemi Awolowo.

Security Features:

The new currency features enhanced security features, including:

  1. Watermark: A transparent image of the portrait of the featured personality.
  2. Security thread: A thin strip of material embedded in the paper that glows when held under UV light.
  3. Raised print: Tactile features that can be felt by the fingertips.
  4. Microprinting: Tiny text that is difficult to reproduce.
  5. Color-shifting ink: The colors of the portrait and other design elements change when viewed from different angles.

The introduction of the new currency aims to reduce counterfeiting, improve the aesthetic appeal of the currency, and promote financial inclusion in Nigeria.