Wednesday, November 12, 2014

JONATHAN RELEASES NEW N100 NOTE TO COMMEMORATE 100 YEARS OF AMALGAMATION



President Goodluck Jonathan has formally unveiled the new N100 commemorative notes at the Presidential Villa, Abuja.
The short ceremony which was initially scheduled for last Wednesday did not hold then because of the President’s journey to Burkina Faso.
Vice President Namadi Sambo and the Central Bank of Nigeria’s Governor, Godwin Emefiele, joined the President to unveil the note during the weekly Federal Executive Council meeting.
According to Emefiele, it was issued to commemorate the 100 years of the nation’s amalgamation and countries such as Morocco, Russia and Costa Rica among others have released new currencies in time past to mark epochal events.


He  also said the new note was produced with what he described as most advanced security features in the world listing the design platforms on which the note was made to include security, durability, attractiveness, cultural heritage and transformation.
Jonathan lauded the CBN for coming up with the commemorative note, though it was coming a bit late since activities marking the nation’s centenary had been concluded.
He recalled that commemorative N50 notes were also introduced to mark the nation’s 50th independence anniversary.
Minister of Finance, Dr. Ngozi Okonjo-Iweala, also commended the CBN for coming up with the notes.
She specifically lauded the QRC feature on the back of the note.
The code, if scanned with smart phones, leads users to a website where the nation’s history could be accessed.
The minister also raised questions on the amount the CBN will use to print the new notes and whether it would be done locally.
Jonathan however said the questions would be answered when a memorandum on the issue is presented to the council.


1 comment:

  1. Atleast Jona did something, you will see 100 naira would be free for all come 2015....

    ReplyDelete

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