Find great deals on eBay for biafra coin. That means naira was 3.1% stronger than the dollar, given that it exchanged at 485 on Wednesday. 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. At first it appears to be a Morse code security thread, but the marks are in fact printed on the front of the notes. On the other hand, the retention of Nigerian currency may simply have been to provide a recognised circulating medium, and to provide some legitimacy to Biafras use of Nigerian currency in purchasing foreign exchange. 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. Biafra, officially the Republic of Biafra, is a subsumed state in West Africa that existed from May 1967 to January 1970 and also before the creation of Nigeria by Britain. 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. 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. Steiner, Rolf (1978) The Last Adventurer, Little, Brown and Company, Boston. The first Biafran banknote was introduced in 1968 which replaced the Nigerian currency. 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. 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. By that same decree, Nigeria currency notes will cease to be legal tender in Biafra. 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. Mezu, S. Okechukwu (1971) Behind the Rising Sun, Heinemann, London. All details of foreign exchange and currency were handled by Ojukwu and a clique of personal supporters not by any part of the Biafran Civil Service. 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. However, most commentators on the war discounted these claims as Nigerian propaganda, seeking to discredit both Ojukwu and the French. To have a better understanding about biafran currency notes, you can visit Mintage World … On the left column we have posted some of the relevant newspaper articles. The back of the 5-shilling note is very similar to the first issue, with the picture of the four Ibo girls and the manilla being used in the same manner. 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 commentators on Biafras bank notes report that the first issue occurred immediately after the declaration of independence but this is not correct. While the coup was unsuccessful, it resulted in the deaths of the Prime Minister of Nigeria, the Premiers of the Northern and Western Regions, the federal Minister of Finance, and a number of senior army officers. Under a separate decree Decree No.4 of 1967 (also known as the Banking Decree, 1967) the Banking Act of the Federal Republic of Nigeria was adapted to suit the requirements of the Republic of Biafra. So it was merely a matter of changing the line of authority to the Military Governor of Biafra, rather than to the relevant Minister in the Nigerian government. La république du Biafra (Bịafra en alphabet pan-nigérian) était, entre les années 1967 et 1970, un État sécessionniste situé dans la partie sud-est du Nigeria, la plus riche en réserves de pétrole. The community where I bought the pounds is like a street market. Also on the back of the 5-pound note is a picture of a woman weaving on a hand loom. 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. However Enugu was one of the first casualties of the war, and the administrative centre of Biafra was moved to several locations (including Aba, Umuahia and Orlu) during the course of the war. Price . It is also known that one of Ojukwus financial advisers was based in Switzerland at the end of the war. Within months Biafra was putting his money where his mouth was and running for Mayor in his home town of San Francisco, a city where the hippie dream had been replaced by poverty, bribery, corruption and, following the assassination of then-Mayor George Moscone and Supervisor Harvey Milk the previous year, even murder. 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. Anonymous75012 | 15/03 2017 13:39 1 baifran pound Positive: 50 %. not in this world will biafra stand maybe in the next world it might b possible but in this present world na lie. In an effort to take firm control of the country, General Ironsi was appointed by the Nigerian cabinet to head a federal military government. 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. The Governor of the Bank seems to have been Sylvester U. Uqoh (as deciphered from the signature on the Biafran bank notes), but the identity of any directors remains a mystery. As the situation in Biafra deteriorated it would appear ! Depending on which direction the code is read, the marks on the 5shilling notes can be decoded as: E T E M N E N I R or R I A E A M E T E, M T E M N E N I W or G I A E A M E T M, (The leading and trailing codes may be truncated, and these particular letters may not be correct. 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. Top Rated Plus. 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. The prefixes commenced with a letter that was assigned to the denomination, followed by a second letter that cycled through the alphabet from A to Z; although the letters I and O were not used due to their similarity with the numerals one and zero. 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. The Biafran pound was the currency of the breakaway Republic of Biafra between 1968 and 1970. MASSOB property is brazenly breached and destroyed by the these brutal operatives. Many impatient people surrendered their Biafran notes to speculators who were purchasing them at fifty Biafran pounds to one Nigerian pound. Example: A search for "1 franc" is more precise than 1 franc. 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