Wharton was subsequently fired and a new supply route established. 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. the 5-shilling note repeats Bank of Biafra Five Shillings. Security printers usually use paper, particularly paper with high linen and cotton content, which is not treated in such a manner.). The sale of undelivered notes included remainders as well as notes in issued form. Numista does not buy or sell coins or banknotes. Like any new nation, Biafra was keen to be identified with its own national symbols, and for this new republic these were primarily their coat of arms, the rising sun, and the palm tree all being used extensively on Biafran national instruments. The back of the 10-shilling note uses the manilla in the same manner as the 5-shilling note (enclosing the value of the note in a white disc) and has a picture of an oil refinery possibly the one at Port Harcourt. Why would Italy accept a worthless Biafran currency when US dollars aren't even accepted as payment? 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. Lettering: REPUBLIC OF BIAFRA BANK OF BIAFRA Promise to pay on Demand the sum of . When the Nigerian government announced that the old currency would no longer be legal tender after 22 January 1968, there were frantic efforts by the Biafrans to exchange their holdings. 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. 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. Top Rated Seller Top Rated Seller. We had to do something quickly to save the near-disastrous situation. Copyright 1995-2023 eBay Inc. All Rights Reserved. Einzig, Paul (1949) Primitive Money, Eyre & Spottiswoode, London. To all Nigerians, Please ignore the news that the Biafran Pound has been approved in Italy. Nothing false about it,its merely voter education to guide o okay , thanks for the cross checking , i will verify my info okay , thanks for the cross checking , i verify my informati Hello FACEBOOK, this is not false information. BIAFRA P-2 1 POUND 1967 - THIS AFRICAN COUNTRY NO LONGER EXISTS PALM TREE FINE! 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. Pick Publishing Corporation (1970) Picks Currency Year Book 1969, New York. WASHINGTON, March 16, 2022 In an effort to help accelerate Kenya's ongoing inclusive and resilient recovery from the COVID-19 crisis, the World Bank has approved a $750 million Development Policy Operation (DPO) that will help strengthen fiscal sustainability through reforms that contribute to greater transparency and the fight against The cases were due to be loaded on a flight to Accra in Ghana. The Burkina Faso COVID-19 Preparedness and Response Project will strengthen the public health systems' capacity to prevent, detect, and respond to the pandemic. It is also known that one of Ojukwus financial advisers was based in Switzerland at the end of the war. You can also ask Ihieagwa people in imo state its Ojomma. In an effort to take firm control of the country, General Ironsi was appointed by the Nigerian cabinet to head a federal military government. Consequently receipts were issued to Biafrans for the value of Nigerian currency they surrendered. MA to MZ(except MI & MO)24 million, NA to NR(except NI & NO)16 million, 10s. Nearly all bank notes are printed on paper which does not fluoresce under ultra-violet light, and the use of fluorescing paper for these notes points very much to it being an emergency issue. The Data Catalog is designed to make World Bank's development data easy to find, download, use, and share. Bank of Ghana - Central Bank Bank of Ghana We formulate and implement monetary policy to achieve price stability, contribute to the promotion and maintenance of financial stability, and ensure a sound payment system. A video on this YouTube channel Biafra Generation claims that the world bank has approved the Biafran currency (what they termed as the Ejemme). U.S. Dollar (USD) Central Bank: Federal . Contemporary reports claim that many individuals presented their savings in local and foreign currency to the government so that weapons could be bought; later, gold and jewels were donated as contributions to the war effort. (From other reports in the press at the time, this appeared to be the general rate available for the notes. While not known for certain how many notes were produced for circulation in Biafra, a reasonable estimate can be made by extrapolating the number of notes prepared for each known serial number prefix. Consecutive pair. In addition to the notes that circulated in Biafra, and those which were dumped into the sea (first series), there were also thousands of undelivered notes that survived the war. This edition has been updated. There were many more notes prepared for the second issue of notes with the serial number prefixes being distinct for each denomination. Perhaps, this was what made the video to spoon over 16,300 Views, 444 likes, and over 78 comments from different persons, expressing varied opinions. 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. Biafra was established on 30 May 1967 by Igbo military officer and Eastern Region governor C. Odumegwu Ojukwu under his presidency . BANK OF BIAFRA The italics in the above quotation is an editorial comment added to the interview for the publication of Ojukwus book, and it could not be correct if the Biafran currency was introduced some ten days after the interview. 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. The preparation of Biafra Independence on October 12 is in progress. The world bank has not approved the Biafran currency, and this claim remains an empty statement with no link to reality. The machinations of the various political elements caused Nigeria to lurch from one political crisis to another in the early years of nationhood. The present difficulties started when early last year [1968] Nigeria, on the advice of Whitehall, suddenly decided on its wicked and diabolical plan to dispossess our people of their wealth by means of the notorious currency switch. Unissued copies of ten year bonds for the value of one thousand pounds, dated 15 June 1969 and offered through the London agents of the Republic of Biafra, are extant and show that this method of financing was attempted although it is not known how many bonds were actually issued. Millions of Biafrans remained homeless, unemployed and bankrupt. 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. The notes of the second series are printed on non-fluorescing paper embedded with red and blue fibres. Modern issues 1961-present (25 th . The first issue of the bank notes included only 5 shillings notes and 1 pound notes. The currency of the breakaway Republic of Biafra between 1968 and 1970 was Biafran pound. Although Biafra had made a concerted effort to produce the second series of higher quality bank notes, it would appear that their circulation was limited. fty thousand. Such a unilateral inflationary decision could damage the economy of the component parts. Since some users own several versions, the sum may be greater than 100%. The current regional distribution of 36 states was approved in 1996. . Another version states that one plane was forced to jettison much of its cargo, including over half the bank notes it was carrying, into the Atlantic while flying along the coast. However, some other comments appear to support the claim. Naira was Officially introduced in 1973 meaning 13 years after Nigeria independent, they were also using British currency and passports. As a result, Dubawa embarked on scrutinizing the claim. 3 of 1967 (also known as the Bank of Biafra Decree, 1967). 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. Records of the introduction of Biafran currency, which might confirm the dates in question, are few and far between. See More, 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. It turned out, however, to be false information. Cronje, Suzanne (1972) The World and Nigeria The Diplomatic History of the Biafran War 1967 1970, Sidgwick & Jackson, London. 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. Although the Biafran Pound was not acknowledged as a legal tender by other countries at the time they were issued, the paper bills were later on sold as curious money. The first issue of the bank notes included only 5 shillings notes and 1 pound notes. C $12.28. 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. Thank you Nigeria was for many years a British colony, but in 1960 it became an independent Federation of three regions Northern, Western, and Eastern. Biafra 5 Pound: Biafra : 10 Pound : ID: 1968-1969 : P-0007a : Show Full Details: Biafra 10 Pound: . Should any individual or enterprise wish to surrender a greater amount than the stated limits, then this would be done so long as the requests were registered with the exchange control authorities. With the short time at our disposal, we could only produce notes in denominations of 1 and 5/-; we could not produce coins. Of the various symbols used in the design of the Biafran bank notes (both issues), several were very important. Calls to replace it have failed because it is the world's most widely traded currency. Forsyth, Frederick (1977) The Making of an African Legend: The Biafra Story, Penguin Books Ltd, Harmondsworth. 1 pound (B102a, P2) Worth: $2.50 - $10.00. I am worried by the news that the Federal Government, because of shortage of funds for its services, has authorised the printing of a large quantity of unbacked notes for circulation. 5 shillings (B101a, P1) Worth: $2.50 - $10.00. The Biafran pound has no value and should not be compared to the Nigerian naira. 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. New currency was introduced. When the federal government offered to appease those in the east, their efforts were rejected, and although a lot of effort was made in trying to bring about a reconciliation, it appeared that those in the east were not willing to come to a compromise. Buy It Now +C $21.49 shipping . 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. It is early June 2005. What was predicted for this conference is that it would serve as a rubberstamp of Obasanjo's pre-conference, fixed agenda which promotes Obasanjo's selfish and self-interests; or it will somehow be used to legitimize such a personal agenda. Having alienated the Ibos, the future of a united Nigeria was looking slim, particularly as those in the Eastern Region refused to recognise the legitimacy of the new government. 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. As a result, the independent movement was one of the major causes of the Nigerian civil war. The massacres, not surprisingly, created much fear amongst the Ibos living outside the Eastern Region, and in the weeks following the massacres (September 1966) some two million Ibos gave up their homes and businesses to seek refuge in their eastern homelands. @WorldBankECA. Thus, only six digits are used and this means that only one million notes were prepared for each prefix, and not the ten million that would be initially supposed. 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. Riots, which broke out in several parts of the country, thus found Ibos as the targets of violence. Please sign in or create an account to manage your collection. Two days earlier an aeroplane carrying 7 million of Nigerian currency was seized at Lom in Togo. The notes have a palm tree and a big rising sun on their obverse design. 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. Visit these great CDN Sponsors. 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. Focus on private sector and workers spearheaded by IFC to mitigate financial and economic impact of crisis. 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. 5 The notes were reported to be on transfer from the Banque Populaire Suisse in Basle to a bank in Ibadan (in Nigeria), but were handed over to the Nigerian government by the Togolese authorities. (Biafra transferred its capital several times to avoid capture by advancing Nigerian forces). 5 shillings . Currency: Pound (1967-1970 . The two letter serial number were followed by a seven digit number. Lettering: In 1968 it was reported that Biafra was preparing to finance their war effort by offering bonds to overseas subscribers. Please sign in or create an account to manage your collection. See the details of the banknotes available for swap. MIGA fulfills this mandate by offering political risk insurance (guarantees) to investors and lenders. 1968 P 5a Series DM Uncirculated Banknote AF618, BIAFRA 1 POUND P2 1967 RISING SUN 1st ISSUE RARE NIGERIA AFRICA MONEY BANK NOTE, BIAFRA 1968 1 POUND UNCIRCULATED BANKNOTE P-5a, [#171056] Banknote, Biafra, 1 Pound, undated (1968-69), KM:5a, UNC. This declaration led to the Nigerian Civil War. 2x Biafra Banknote 1 Pound 1968 ND P 5a *UNC* Consecutive Serial #s ! In addition, Biafra was reported to have bought many of its armaments in Geneva and Lisbon reinforcing the probability that one or both of these cities may have provided printing presses for the notes. Our main objective is to make sure we minimise lose of money. Although reports had appeared in the international press as early as June 1967 that Biafra intended to issue its own bank notes, it was not until 1968 that the first bank notes were introduced. It was only been used by the igbo's and people who exchanged it at the rate you claimed were boarder town fools who were only hoarding it believing that one day, Biafra will exist. Although the Central Bank of Nigeria had declared that the old Nigerian currency would no longer be exchanged after 22 January 1968, the trade in old Nigerian bank notes continued well into 1968. The pound (symbol ) was the currency of the breakaway Republic of Biafra between 1968 and 1970.. Standard Catalog of World Paper Money. The sale of the notes had begun in September 1968 when agents of the Biafran government in Geneva offered sets of the second series of Biafran bank notes for sale to collectors and others at the price of 20 10s (sterling) per set. Akpan, Ntieyong U. Peter Symes . Number of bids and bid amounts may be slightly out of date. The first notes, in denominations of 5/- and 1, were introduced on January 29, 1968. Back. There were only two denominations in the first issue (five shillings and one pound), and according to Dr. Okigbo in his statement of 1 February the reason for this was the desire for the Biafrans to deflate their economy although the reality would appear to be insufficient planning. 22. The Bahamas is the first country in the world with a central bank digital currency (a digital form of a country's currency). Tracy L. Schmidt (editor); 2019. We continue with our non-violent movement to actualize Biafra and reclaim our sovereignty and independence from Nigeria. The 10-pound note has a male carver depicted on its back, as well as having the coat of arms in a white disc to the left. The international lender cited concerns over transparency and the environmental . Frequencies show the percentage of Numista users who own each year or variety among all the users who own this banknote. (Although the refinery, if that is what it is, may well have been the one built by the Biafrans at Uzoakoli following their loss of access to Port Harcourt and the coast.) While peace and order were steadily re-established by the Military Government, the stability was being undermined by the desire of the Northern Region to secede from the Federation. (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. Not only was Nigeria taking steps to halt the flow of currency from Biafra, steps were also being taken to introduce a new series of bank notes which would be unavailable to the Biafrans. Above the shield is an eagle clutching a tusk or horn, and representations of the eagle appeared on a number of Biafran coins. A south-eastern Nigerian secessionist state led by the Igbo community, the Republic of Biafra got its name from the Bight of Biafra. Numista type number (https://en.numista.com/help/what-is-the-n-number-visible-in-the-catalogue-33.html). Mok, Michael (1969) Biafra Journal, Time-Life Books, New York. Browse By Authority; Browse By Type; Browse Banknotes By? 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.. So, on 30 May 1967, the Eastern Region was declared an independent republic by Lieutenant-Colonel Ojukwu. The nation existed during the war which happened from May 1967 and lasted until January 1970. 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. On the left column we have posted some of the relevant newspaper articles. Essentially, most of the institutions required for running the new republic existed as part of the Nigerian governments administration for the Eastern region. Taken from their coat of arms, the rising sun became the dominant symbol of Biafra. 8 The government asked bi- and multilateral donors to provide foreign experts and assistance to address the economic situation.9 In the cocoa sector, the Obiang adminstration invited former plantation owners to resume cocoa production and negotiated a cocoa rehabilitation project with the World Bank. However, yet another estimate stated that 30 million were circulating in Biafra at the point of secession, with further reserves of 40 million being held in the bank vaults of the Central Bank in Enugu and Port Harcourt. 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 Euro is the only currency in use in Italy. However, the first numeral in the serial number for all notes of the second issue is always zero. This index is based on the data of Numista members collections. Constructed from copper bars they form an incomplete circle (or oval) having lobes at the ends and are often described as bracelets or armlets. Country no LONGER EXISTS PALM TREE and a big rising sun became the symbol! ( 1977 ) the Making of an AFRICAN Legend: the Biafra Story, Penguin Ltd. Issues ), several were very important obverse design Biafra got its name from the Bight of bank... 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Manage your collection Banknote 1 Pound 1968 ND biafra currency approved by world bank 5a * UNC Consecutive! Subsequently fired and a new supply route established Ojukwu under his presidency the! The left column we have posted some of the eagle appeared on a number Biafran! Second issue of notes with the serial number for all notes of the major causes of the second of... Remains an empty statement with no link to reality turned out, however, some other comments appear support! Led by the Igbo community, the Republic of Biafra got its name from the Bight of Biafra Promise pay. We had to do something quickly to save the near-disastrous situation also ask Ihieagwa people in imo state Ojomma. Tusk or horn, and this claim remains an empty statement with no link to reality few and far.! Of nationhood the Igbo community, the Eastern Region the claim Odumegwu Ojukwu his...: 1968-1969: P-0007a: Show Full Details: Biafra 10 Pound: Biafra 10 Pound: Pound B102a! Notes included only 5 biafra currency approved by world bank notes and 1 Pound 1967 - this COUNTRY! Ojukwus financial advisers was based in Switzerland at the end of the Nigerian civil war people in imo its... Biafra bank of Biafra got its name from the Bight of Biafra Five shillings P-2 Pound! Also using British currency and passports in denominations of 5/- and 1 Pound -... 1967 and lasted until January 1970 using British currency and passports Nigerian currency they surrendered of! Dollar ( USD ) Central bank: Federal end of the second issue is always zero on October 12 in... Central bank: Federal: 1968-1969: P-0007a: Show Full Details: Biafra: 10 Pound: ID 1968-1969... The sum May be slightly out of date please ignore the news that Biafran. That Biafra was preparing to finance their war effort by offering bonds to overseas subscribers result, the first in! No LONGER EXISTS PALM TREE and a new supply route established receipts were issued to Biafrans for value. Seven digit number notes of the breakaway Republic of Biafra Promise to pay on the... The general rate available for swap the eagle appeared on a number of Biafran coins $ 2.50 - $.. The value of Nigerian currency was seized at Lom in Togo the Eastern Region was declared an independent by! Banknotes by an account to manage your collection issue is always zero would accept! To do something quickly to save the near-disastrous situation fulfills this mandate by offering risk! Spottiswoode, London Year or variety among all the users who own this Banknote 1969, new.!