Steiner, Rolf (1978) The Last Adventurer, Little, Brown and Company, Boston. Focus on private sector and workers spearheaded by IFC to mitigate financial and economic impact of crisis. Rumours as to what value the Central Bank of Nigeria would place on the Biafran notes became widespread, with many believing one rumour that twenty Biafran pounds would be given the value of one Nigerian pound. In late May 1967 a decision was made by the federal government to split the four regions of Nigeria into twelve states. When Biafra gained its independence, the Biafran Pound became the independent sovereign state's currency with the introduction of the first banknote denominations of 5 shillings and 1 pound on January 29, 1968. The new currency went public on 28 January 1968, and the Nigerian pound was not accepted as an exchange unit. By that same decree, Nigeria currency notes will cease to be legal tender in Biafra. In his Diary of Events for 1 September 1968, Gen. Ojukwu again records Acute shortage of currency due to Hank Whartons Plot. In the Biafran towns and cities the shortage of money was one of the many problems people faced. The use of this paper is the dominant security feature of the issue, however there is a very interesting attempt to use an early form of micro printing on all notes of this series. (Most types of paper have a high timber pulp content, and are treated with agents which brighten the paper and produce a surface which fluoresces under ultra-violet light. Beresiner and Narbeth (in The Story of Paper Money) claim that the notes were printed in Portugal and Switzerland, and this seems to be a reasonable proposition. You can also ask Ihieagwa people in imo state its Ojomma. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Nigeria had quickly become aware of the movement of currency from Biafra to Europe and its conversion into foreign exchange. These Swiss connections support the argument of one or more issues being printed in Switzerland. Because the notes are very common there is a tendency amongst collectors to ignore them. The Republic of Biafra existed between 1967 and 1970 before it surrendered to the Federal Military Government of Nigeria. There would be very few collectors of world bank notes who have not come across one or more of the bank notes issued by the secessionist state of Biafra during the Nigerian civil war. Paragraph 8 of the decree states: Currency notes and coins of the Federal Republic of Nigeria shall remain legal tender in the Republic of Biafra until such further day as the Military Governor may specify., The Bank shall maintain existing parity of the Nigerian pound.. Lettering: The headquarters of the Bank of Biafra were known to be located in Port Harcourt in early 1968, but the town fell to federal troops on 19 May of that year, and the headquarters of the Bank were probably relocated several times due to the fluctuating fortunes of the Republic. 1 - ONE POUND - 1. Several years later, in 1963, Nigeria became a republic, but it was being plagued by power struggles; and, like so many modern African nations, these power struggles centred around ethnic groups. Perhaps, this was what made the video to . Notes from the missing cache of one pound notes from Benin started appearing in Lagos in October (just two months after they had been seized) and doubt remains as to wh! A/O & A/P20 million, 1A/A to A/D40 million. However they are an intriguing set of notes and will provide a collector with a complete set of a country for an affordable price. The men can be heard speaking in Igbo language and chanting "All hail Biafra" in the video, which has received over 1000 shares on Facebook. During the war, a number of international relief agencies were delivering food and medicine to the war-ravaged Republic. The currency of Biafra had been the Nigerian pound, until the Bank of Biafra started printing out its own notes, the Biafran pound. Top Rated Seller Top Rated Seller. Called the " sand dollar ," it will increase financial inclusion for inhabitants spread out across the country's 700 islands, where banking services such as cash machines are not always available. Content created and supplied by: Johnniepen (via Opera . By Johnniepen (self media writer) | 1 year ago, Rumors have been circulating that the Biafran Pound is now being accepted in Italy since yesterday. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. of over 40% their face value. Authorities say Ipob has been responsible for attacks. The Data Catalog is designed to make World Bank's development data easy to find, download, use, and share. The Indigenous People of Biafra (IPOB) has said that emerging nations of Biafra, Ambazonia and Oduduwa have concluded plans to conduct a one million-man march at European Union headquarters in . @, Most Treasured Banknotes BIAFRA 1 POUND 1968-1969 P-5 UNC Prefix DW0824622, Great Historic Banknotes BIAFRA 1 POUND 1968 - 1969 P-5 UNC birthday # 1984. He left for exile in Ivory Coast and spent many years in the . 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. Of course the shortage of money was not due simply to the loss of the notes carried by Whartons plane, it was due mainly to the near-total withdrawal of Nigerian notes without the Biafran substitute being available. 66 PPQ. PLEASE SUBSCRIBE TO TASIN NEWS TV BIKO Pls subscribe, like, comment a. Whatever the exact date of issue, the quote above does show that, following Nigerias announcement of their new note issue, Biafra continued to collect as many Nigerian notes as possible before the notes could no longer be redeemed. Because many of the officers involved in the coup were Ibos, and because the Premiers of the Eastern and Mid-West Region (who were both Ibos) remained unharmed in the coup, it led many to believe that the coup was promoted by the Ibos. Lettering: REPUBLIC OF BIAFRA BANK OF BIAFRA Promise to pay on Demand the sum of . News. Decorative pattern with Biafran arms to the right. This evidence includes speeches of leaders, government pronouncements, newspaper accounts and international reactions. To the left! I shall send to the conference, when the time comes, economic experts who will advise on detailed arrangements with a view to safeguarding our future in this respect. (Akpan, 1972), It is most likely that when the time came to organise the first issue of Biafran notes, Ojukwu played a significant role. Notwithstanding, such claims are likely to give rise to unease and toxic debates in the society if ignored. 10 . C $4.02. In addition, the depiction of a single palm tree had been the dominant feature on the bank notes of the West African Currency Board from 1916 to 1951, and gave a visual reminder of the notes of that era. Browse By Material; Browse By Set/Series Name; Browse By Currency; Related Sites. 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. Standard Catalog of World Paper Money. The question of central banking and coinage is something which must be very carefully looked into. The blockades imposed on Biafra by Nigeria and her allies started to take their toll, and it would seem that the loss of the of bank notes through Hank Whartons treachery was one of the more telling blows. However it has been suggested that much of the haul did not make it back to Biafra the insinuation being that the money was diverted into private hands. "They invited him this morning (Friday, July 18, 2020) to come and sign . These were printed in Portugal, as were the initial series of bank notes. (From other reports in the press at the time, this appeared to be the general rate available for the notes. However, matters became critical in January 1966 when a number of junior army officers attempted a coup. GA to GW(except GI & GO)19 million, 1BA to BZ(except BI & BO)24 million, CA to CZ(except CI & CO)24 million, DA to DX(except DI & DO)22 million, 5WA to WF6 million, 10ZA to ZC3 million. Beresiner, Yasha & Narbeth, Colin (1973) The Story of Paper Money, David & Charles, Newton Abbot. Their use was very popular amongst the Ibos until recent times and they were only demonetised during the 1940s. On 27 January 1968 Gen. Ojukwu declared to the 7th Session of the Consultative Assembly and Council of Chiefs and Elders: Fellow countrymen, I am happy to announce to you that I have today signed a decree introducing Biafran currency notes which will be the legal tender throughout the Republic of Biafra. This video has been widely circulated on social media, causing great pleasure among many, with some suggesting that the Biafran Pound is more valuable than the Nigerian Naira. BanknoteBuys.com; Compass Collectables . . From January 1968, a Swiss public relations company, Markpress of Geneva, looked after various interests of the Biafran government, operating the Biafran Overseas Press Division and providing access for journalists to Biafra. Lot. It is not known what happened to the Biafran currency that was surrendered, but it was almost certainly destroyed. The black is for mourning them and in remembrance. Consequently receipts were issued to Biafrans for the value of Nigerian currency they surrendered. A Nigerian newspaper, Breaking News, Nigerian News & Multimedia, Daily publication in Nigeria covering Niger delta, general national news, politics, business, energy . In his Diary of Events Gen. Ojukwu makes the following entry: August 13 [1968]: The Hank Wharton Plot, hatched by British government and American CIA to sabotage Biafra and help Nigeria to carry through her final thrust into Biafran heartland. The news was shared on the Facebook page "Excess Honey and Sugar TV.". The banknotes have various back designs. Top Rated Seller Top Rated Seller. Remainders are available only for the second series (with the apparent exception of the 10-shilling note which has not been positively recorded), and can be recognised by the lack of serial numbers which are to be found (if present) in the top right and bottom left on the front of the notes. It is early June 2005. New currency was introduced. The notes are signed by the Governor and a Director of the Bank of Biafra. Russia's invasion of #Ukraine has had a devastating impact, with billions of dollars in damaged infrastructure and 8 million more Ukrainians living in poverty in 2022. The 5 shillings depicts four Biafran girls while the 1 pound shows the coat of arms. The currency of the breakaway Republic of Biafra between 1968 and 1970 was Biafran pound. Product has been added to . This desperate method of raising foreign exchange supposedly lasted only a brief period of time. Niven, Rex (1970) The War of Nigerian Unity 1967-1970, Evans Brothers (Nigeria Publishers) Ltd, Lagos. Rates that can't be backed up as they was just benchmarked out of fraustration. Thank you Riots, which broke out in several parts of the country, thus found Ibos as the targets of violence. By the time the notes were introduced in 1969, the country controlled by the Biafran forces had been reduced to a circular area approximately 85 miles across (roughly 5,000 square miles) and all consumables had long been sold. On 22 January, seven suitcases filled with Nigerian currency worth 252,000 were discovered at London Airport after one of the suitcases split open. Promise to pay on Demand the sum of 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. Only several countries recognised Biafra during its secession Tanzania, Zambia, Gabon, the Ivory Coast, and Haiti while a number of other governments expressed support for the Biafrans, amongst these being the French, Rhodesian, South African, and Portuguese. The Times newspaper London, United Kingdom, (The references in brackets refer to the page number and column location of the relevant article. The current regional distribution of 36 states was approved in 1996. . ONE POUND - 1 The notes have a palm tree and a big rising sun on their obverse design. Will cease to be legal tender in Biafra by currency ; Related Sites and. 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