like I always say google is your friend so use it and lemme alone. 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. 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. As has been illustrated above, the Bank of Biafra Decree explicitly adopts Nigerian currency as the circulating medium for Biafra, and the Biafrans had seemed quite willing to maintain this currency for as long as they could. $195.00. It is not known exactly when these notes were introduced, but it was probably around February 1969, as Gen. Ojukwu announced the following in a speech to the Consultative Assembly and Council of Chiefs and Elders on 10 February: I am happy to announce to you that we have now been able to produce real Biafran currency of the highest quality. At the end of the civil war there was a critical shortage of the new Nigerian currency, which retarded efforts to replace the currency in circulation in the east. 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. The official exchange rate at the beginning of 1968 was one Nigerian pound to one pound three shillings and four pence sterling making the Rothschild offer approximately half its real value.) Standard Catalog of World Paper Money. Authorities say Ipob has been responsible for attacks. It is believed that the Northern Region undertook the coup with the main aim of secession, however British diplomats in Lagos (the Nigerian capital) convinced the new leaders that they should seek unity under one Nigeria. 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. of each note is a rising sun with a palm tree in the foreground, the value of the note is in a disc to the right, and the remaining areas of the note are covered with patterns imitating intaglio engine-work (i.e. 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. 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. The Biafran conflict is well documented, with many works addressing the struggle from both sides. So, on 30 May 1967, the Eastern Region was declared an independent republic by Lieutenant-Colonel Ojukwu. It includes data from the World Bank's microdata, finances and energy data platforms, as well as datasets from the open data catalog . 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. Because the notes are very common there is a tendency amongst collectors to ignore them. REPUBLIC OF BIAFRA 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. Information about the claim has not appeared in any of the mainstream media. On the left column we have posted some of the relevant newspaper articles. Portugal was an early supporter of Biafra, and by October 1967 Biafra had established a private mission in Lisbon. Intermittent reports continued to appear in the international press in late 1967 and early 1968 of foreign nationals attempting to smuggle Nigerian currency into Nigeria. 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. The Times newspaper London, United Kingdom, (The references in brackets refer to the page number and column location of the relevant article. Meanwhile, the popularity of the originally planned Sovereign National Conference (SNC) of Ethnic Nations living in Nigeria (which Obasanjo tried now to preempt after initially and all along vigorously and unsuccessfully opposing) is rising. Published on 31 October 2019, the article was shared on other news sites and on Facebook. Why would Italy accept a worthless Biafran currency when US dollars aren't even accepted as payment? Nigeria was for many years a British colony, but in 1960 it became an independent Federation of three regions Northern, Western, and Eastern. More importantly, the interest rate in local currency reflects the terms the World Bank can obtain when hedging the currency risk. 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. 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. Is there a claim that you would like us to investigate? According to documents illustrated in the Daily Times (Lagos) on 9 August 1967, the mineral rights for columbite ore, uranium, coal, tin concentrates, natural oil, and gold ore were ceded to the Rot(h)schild Bros Bank for a period of ten years. Opinion: Why young Africans need to know their history. U.S. Dollar (USD) Central Bank: Federal . While this amount may seem large, it must be remembered that Biafra had a population of 14 million, and the amount in circulation would equate to 10 per person at the most optimistic estimate. The shield contains the rising sun, plus three manillas linked together over an area divided into three parts, which are properly coloured red, black, and green. (Total: 3 notes) 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. 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. Money was also being raised from outside the republic. The news site posted the report, " World Bank set to established Central Bank of Biafra in Abia State," on its Facebook page on 30 March 2019. 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. The notes are signed by the Governor and a Director of the Bank of Biafra. Einzig, Paul (1949) Primitive Money, Eyre & Spottiswoode, London. Under this decree the bank was to be administered by a board consisting of a Governor and not less than four Directors, who were to be appointed by the Military Governor. Easterners holding Biafran Pounds, the currency adopted by the region when it declared . Lettering: False! ), It is interesting that such an attempt has been made to produce this quasi-security device, as another very simple security device is absent that of non-fluorescing paper. This declaration led to the Nigerian Civil War. 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. Content created and supplied by: Johnniepen (via Opera 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. The new family of notes introduced the 10 shillings, 5 pounds, and 10 pounds denominations with an oil refinery, a female weaver, and a male carver on their respective reverse designs. GOVERNOR - DIRECTOR @WorldBankECA. Mezu, S. Okechukwu (1971) Behind the Rising Sun, Heinemann, London. We had to arrange and conclude the exercise in a hurry. (The vaults had held twelve million pounds, and the other ten million pounds were left untouched, it seems there was just too much money for the retreating forces to carry.). When the Nigerians announced that they would no longer redeem bank notes exported from Nigeria after August 1967, the Biafrans worked quickly to gather bank notes remaining in circulation so that they could be converted into precious foreign exchange. Given this atmosphere, one could imagine what a shock and a blow it was to Obasanjo that lo and behold, the Biafran currency is still in circulation in parts of some West African countries, and by one account, in a community in New York also. A series of coins was issued in 1969; 3d, 6d, 1/-, and 2/6 coins were minted, all struck in aluminium.In February 1969, a second family of notes was issued in denominations of 5/- and 10/-, 1, 5 and . CNN values your feedback 1. 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. Ultimately the speculator! The first notes, in denominations of 5/- and 1, were introduced on January 29, 1968. The information reaching our desk this afternoon, from Biafran blogger Eze Ndukwe . Crypto custodian Anchorage has secured conditional approval for a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC), making it the first national "digital asset. Dubawa has also contacted the claimant several times with no response so far. What has been spreading on social media is fake information disseminated by IPOB in order to mislead people and massage the egos of Biafra supporters. ), 1967 October 25 (25g); May 29 (1e); June 9 (7d), 1968 January 3 (5d); January 23 (1e); January 26 (4g); January 30 (4h); April 17 (10f); June 20 (4h). Bank Of Biafra (11) Browse Banknotes. (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. The war ended 50 years ago on 15th January 1970 when Ojukwu fled the country. Predominant colour: Purple. 168. A report by the Pointer News that claims the World Bank is set to establish the Central Bank of Biafra has been shared over 500 times on Facebook. A video on YouTube claims that the World Bank has finally approved the Biafran Currency. As a result, Dubawa embarked on scrutinizing the claim. This edition has been updated. Forsyth, Frederick (1977) The Making of an African Legend: The Biafra Story, Penguin Books Ltd, Harmondsworth. Since some users own several versions, the sum may be greater than 100%. For more recent exchange rates, please use the. Tons of new Biafran currency are dumped into the sea, to create artificial scarcity in the Republic. (Ojukwu, 1969). 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. 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 . The first issue of the bank notes included only 5 shillings notes and 1 pound notes. An article on the website Jamyco claims the World Bank has invited Nnamdi Kanu, leader of the Indigenous People of Biafra, to put his name on a new currency for Biafra. Palm tree in centre with sunset behind, all with decorate circles containing words. Not surprisingly, the coup generated a deal of confusion and animosity across Nigeria, ultimately resulting in violence. 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). 1 - ONE POUND - 1. Biafra Gorgeous Crisp UNC Bill Note Currency, 1 Pound, BIAFRA NIGERIA 5 10 SHILLINGS 1 5 10 POUNDS 3 4 5 6 7 1968-1969 UNC COMPLETE SET, Great Historic Banknotes BIAFRA 1 POUND 1968-1969 P-5 UNC Lucky # DS0046555. 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. 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. You can also ask Ihieagwa people in imo state its Ojomma. Top Rated Seller Top Rated Seller. 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. The Republic of Biafra. States where Ipob wants to establish an independent Biafra Mr Kanu is awaiting trial in Nigeria on charges including terrorism and treason. 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 appeared on their flag, their coins and bank notes, on military insignia, and it gave rise to the title of their national anthem, Land of the Rising Sun. 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. 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.. Most commentators on Biafras bank notes report that the first issue occurred immediately after the declaration of independence but this is not correct. Official World Bank Boundaries. 1967 (ND), BIAFRA 1 POUND BANKNOTE, CIRCULATED. It is probable that the two million Nigerian pounds captured in Benin were used by the Biafrans to finance their war effort. 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. He left for exile in Ivory Coast and spent many years in the . The current regional distribution of 36 states was approved in 1996. . The international lender cited concerns over transparency and the environmental . 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. Realising that their activities had led to a greatly reduced amount of money in circulation, the Biafrans prepared to replace the Nigerian currency, with this endeavour resulting in the first Biafran note issue. 5 shillings (B101a, P1) Worth: $2.50 - $10.00. five shillings. Nigeria is writhing her way through the throes of imminent collapse. 5 shillings . However when Lieut.-Col. WEAVING. Reports exist that the Biafran government approached the Rothschild Bank either shortly after the outbreak of war, or at least by the end of 1967 in an effort to transform their holdings of Nigerian currency. Keesings Publications Limited Keesings Contemporary Archives Volume No.XVI 1967-1968 London. The reports indicate that Rothschild was prepared to pay twelve shillings and sixpence in British currency for each Nigerian pound. A video on this YouTube channel Biafra Generation claims that the world bank has approved the Biafran currency (what they termed as the Ejemme). 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. Biafra, officially the Republic of Biafra, was a partially recognised secessionist state in West Africa that declared independence from Nigeria and existed from 1967 until 1970. According to one version, the planes broke down while flying in their cargo, and jettisoned the much needed supply of weapons, and evidently other cargo such as the Biafran bank notes, before returning to Lisbon. Long Reads. BIAFRAN CURRENCY HAS BEEN APPROVED FROM WORLD BANK, BIAFRA IS COMING With such an interesting attempt at micro printing it would be pleasing to know where the notes were printed, but the printer of each issue is a mystery. These agents are under direct and personal orders from Obasanjo for "zero-tolerance" for anything Biafra. Focus on private sector and workers spearheaded by IFC to mitigate financial and economic impact of crisis. During Nigerias final thrust of August 1968 (which proved not so final), Whartons planes did not arrive when needed. The Spirit of Biafra is indomitable and indestructible. Since some users own several versions, the sum may be greater than 100%. The common features are the rising sun (now a much smaller representation), the palm tree, the names of the Republic and the Bank, a white disc to the right of the note, and patterns imitating engine work surrounding the note. BANK OF BIAFRA The two notes of the first series have a common front, although they are different sizes and different colours. 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. 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. This prediction is now right on the mark: when Obasanjo gets the Conference report, he can do anything with it and to it. 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. $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 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). The palm tree was important because of its economic significance to Biafra next to oil, products from the palm trees were the most valuable exports from the region prior to the new republic being declared. This index is based on the data of Numista members collections. Two days ago United Nations gave World bank order to start printing new Biafra currency. 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. 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. Waugh, Auberon & Cronje, Suzanne (1969) Biafra Britains Shame, Michael Joseph, London. The front of each note has a coloured pattern (around the outside of the central design) which contains very small print repeating the words Bank of Biafra followed by the denomination of the note e.g. By that same decree, Nigeria currency notes will cease to be legal tender in Biafra. So next time you come across one of these notes, dont reject them out of hand collecting bank notes doesnt have to revolve around scarce notes, and this series proves that cheap notes can be just as intriguing as their expensive counterparts. #EndSARS: The Trend And Threat Of Fake Social Media Accounts, No evidence Buhari threatened local government chairmen with imprisonment over funds. Biafra one pound Pick2, 1967 issue, prefix A/C, scarce high grade, almost UNC. Prior to the war, Ojukwu had expressed the desire for a loose association of states which would include the Nigerian regions (as separate states) and its neighbours such as Togo and Dahomey (Benin). 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