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The new N100 centenary banknote was
formally presented to the Federal Executive Council (FEC) meeting
presided by President Goodluck Jonathan at the State House on Wednesday.
Governor of the
Central Bank of Nigeria (CBN), Godwin Emefuele, who presented the note,
said that the note is to commemorate 100 years amalgamation of the
northern and southern protectorates in 1914.
Stressing that it
was produced with the most advanced technology in the world, he said
that the note retained the picture of late Chief Obafemi Awolowo on the
front side.
He said that the new note has security features against counterfeiting and with special durability tolerance.
The Zuma Rock at the back of the current note has been replaced by Q.R. code and other pictures.
Speaking on the Q.R.
code, the CBN governor said that with telephone set and 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.
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.
From the leaflets circulated showed various programmes leading to issuance of the note to Nigerians.
While the launch of
the partnership programme aimed at banknote equipment manufacturers and
other machine suppliers will hold next Wednesday, the new notes will be
issued into circulation on Friday 19th December
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