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. 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. 2 – FULL RADIOBIAFRA BROADCAST. ( Log Out / – The coat of arms used by Biafra was derived from the coat of arms granted to the Eastern Region of Nigeria in 1960. Over 5000 world banknotes for sale listed with scans and images Certain that no great force would be required to subdue the rebel government, the Nigerians prepared for what they referred to as a ‘police action’. Moreover, he was commissioned to take part in a plan to assassinate Ojukwu and topple the Biafran regime – a plan that was later uncovered and which cost Banjo his life. The tables also include key debt The tables also include key debt ratios and the composition of external debt stocks and flows for each country. One of the first institutions to be created by the republican government was the Bank of Biafra, which was accomplished under ‘Decree No. 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. To have a better understanding about biafran currency notes, you can visit Mintage World and explore the world of currency notes. 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. The notes of the second series are printed on non-fluorescing paper embedded with red and blue fibres. We had to do something quickly to save the near-disastrous situation. 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. 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.. Records of the introduction of Biafran currency, which might confirm the dates in question, are few and far between. The information reaching our desk this morning from Chima Nwagu, the founder and Chief Editor of Biafra daily news watch, has confirmed that the world bank president, David Robert Malpass invites the leader of Biafra movement worldwide, Mazi Nnamdi Kanu to come and sign on new Biafra currency. The editorial comment is therefore either incorrect (the recall may have been for the interim receipts), or the currency was issued earlier than Ojukwu stated; and one source does give the date of issue as 10 January. According to According to the reporter, the New Biafra currency is almost thesame value with US dollar. WASHINGTON, Dec 10 ― The World Bank said yesterday it was setting a new five-year target for 35 per cent of its financing, on average, to have climate “co-benefits,” up from a 28 per cent target for the previous five-year period ended in 2020. It was in this statement that Dr. Okigbo said that the Biafrans had collected £53 million in the three weeks since Nigeria’s announcement that the notes would no longer be legal tender after 22 January. Of the various symbols used in the design of the Biafran bank notes (both issues), several were very important. 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 Wharton’s ‘treachery’ was one of the more telling blows. Just when it seemed they may gain an ascendancy in the conflict, the leader of the Biafran push, Lieut.-Col. Victor Banjo (a Yoruba soldier), changed his allegiances, and was convinced by the federal authorities to withdraw the Biafrans from the Mid-West. Another of Wharton’s planes had been destroyed mysteriously in Bissau (in Portuguese Guinea) shortly before this, and another had been impounded in Athens, leading the Biafrans to believe th! World Paper Money, World Banknotes - Thousands of pieces of world paper money and world banknotes at collector friendly prices. Robbers Raid Audu Ogbeh's House. The funding will allow IDA to reinforce its support to job creation and economic transformation, good governance, and accountable 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. ), 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. Bank Of Biafra Currency Found (photos) by HenryDion: 10:27am On May 01, 2015 I just found this currency in my grandma's old bag and decides to share. Biafra One Pound. By far the most important strategy of the Biafrans in their quest for foreign exchange, was the conversion of their holdings of Nigerian currency. 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. The bank was first located in Enugu, but due to the ongoing war, the bank was relocated several times. The information reaching our correspondent this morning from daily Biafra Newspapers has confirmed that World bank and the leader of the Indigenous People of Biafra, Mazi Nnamdi Kanu are meeting to sign an MOU empowering the use of the Biafra Currency.. Peace. It is already known that the mission of the new joker in town, called Nigerian President, which is Muhammadu Buhari,who has been scampering around the world, was to access loans and assistance to run the now illegal country, Nigeria. Lawmakers Invade Customs for Auctioned Containers, Vehicles. While two of the elements that made the Holocaust possible still exist – deep-seated hatred for Jews and world apathy in the face of horrible crimes – […] 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.) The Central Bank began recalling the Biafran currency and the old Nigerian currency in the war-torn region but, because of the shortage of new Nigerian notes, only receipts were issued to those who surrendered the notes; although during this period of recall it was unclear what rate of exchange would be made for the Biafran notes. It has also been suggested that the money ultimately fell into the hands of Nigerian soldiers who failed to declare their discovery. Please how much Naira is one Biafra Pound currently worth? Indeed, for dozens of the most heavily indebted poor countries, the largest part of their external debt—in some cases constituting more than 50 percent—is owed to the World Bank and the multilateral regional development banks. On the back of the 5-shilling note is a picture of four Ibo girls, and surrounding the value of the note to the left is a ‘manilla’. Constructed from copper bars they form an incomplete circle (or oval) having lobes at the ends and are often described as bracelets or armlets. – Keesing’s Publications Limited Keesing’s Contemporary Archives – Volume No.XVI 1967-1968 – London. There were of course many stories of enterprising Nigerians who were buying the Biafran holdings in Europe at a discounted rate, and shipping them back to Nigeria where their full value could be obtained. – Steiner, Rolf (1978) The Last Adventurer, Little, Brown and Company, Boston. World Paper Money Catalog and History of World Currency with over 16.000 images of old and recent world paper money listed by countries. Just 10 pound and 10 shillings. Depending on which direction the code is read, the marks on the 5–shilling 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. Keywords: Biafran banknotes, Biafran bank notes, Biafran paper money, Biafra banknotes, Biafra bank notes, Biafra paper money > B > BIAFRA. For many years now we have been avid U.S coins & world paper money collectors. During Nigeria’s ‘final thrust’ of August 1968 (which proved not so final), Wharton’s planes did not arrive when needed. What is less well documented, are the many aspects of the administration of the war-torn state – aspects such as the establishment of the Bank of Biafra and the issue of the Biafran bank notes. Change ), You are commenting using your Facebook account. Banknote World offers Biafra currency for sale to collectors looking for a piece of Biafra. 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. In the Eastern Region, from the time of the massacres, there arose a strong movement amongst the Ibos to break away from the federation. New currency was introduced. Whatev! 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. It appears that the authorities in Lagos would not release the new Nigerian bank notes in those areas of the Eastern Region which had been liberated from the Biafran ‘rebels’, for fear that a bank full off the new notes may be captured in a counter-offensive. that the sale of notes escalated and it is probable that some of the larger dealers of coins and bank notes offered to take large amounts of the notes. But if Biafra must go, it has to be non-violent,” he stated. ether they were brought back to Lagos by Nigerian soldiers, or by speculators in Nigerian currency who may have bought them at a discount from the Biafrans. 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! Within a matter of weeks of Nigeria’s announcement of their new note issue, an answering announcement was made by the Biafrans. The leaders of this movement were close to the Military Governor, and from late 1966 it seems that plans were being put in place for the Eastern Region to secede. It is probable that the two million Nigerian pounds captured in Benin were used by the Biafrans to finance their war effort. Nigeria was for many years a British colony, but in 1960 it became an independent Federation of three regions – Northern, Western, and Eastern. It appeared on their flag, their coins and bank notes, on military insignia, and it gave rise to the title of their national anthem, – Beresiner, Yasha & Narbeth, Colin (1973), – Waugh, Auberon & Cronje, Suzanne (1969), BIAFRA DIPLOMATIC WAR DOCS – 50th Anniversary, BIAFRA IPOB: SPEECH By MAZI NNAMDI KANU – 19th June 2015 Pt. After the declaration of independence, one of the new Republic’s first concerns was to establish the infrastructure of the new state. 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. 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. However, matters became critical in January 1966 when a number of junior army officers attempted a coup. "This is after the $2.2B borrowed from the World Bank in February this year, which it claimed was for 'immunization and job creation', when in fact, the money was not for the purposes. December 29, 2020 by . 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. 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. REPUBLIC OF BIAFRA BANK OF BIAFRA Promise to pay on Demand the sum of 1 ONE POUND - £1 1 GOVERNOR - DIRECTOR £1 - 1 . When many Ibos decided to forsake their homes and businesses, and flee the violence in various parts of Nigeria to return to their homelands, it was Lieut.-Col. Ojukwu who advised them to return to their homes and businesses, assuring them that peace would be returned under the new government. This is supported by a statement by Dr. Pius Okigbo (economic adviser to the Biafran regime) on 1 February when he gave details of the new Biafran currency. When a foreign journalist, Michael Mok of ‘Life’ magazine, asked a nun working with the Biafrans whether he could make a cash donation to help the starving children, he was told that cash would be useless, as there was nothing left to buy in Biafra. This desperate method of raising foreign exchange supposedly lasted only a brief period of time. 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. (After independence, a fourth region – the Mid-west – was created.) Such a unilateral inflationary decision could damage the economy of the component parts. The second coup was successful, and resulted in northern officers taking control of the country and forming a new government – led by General Gowon. A second decree, ‘Decree No.4 of 1967’, modified the Banking Act of the Federal Republic of Nigeria for the Republic of Biafra. These overt actions by the new government precipitated massacres of Ibo civilians throughout Nigeria (but particularly in the Northern region), with estimates of the total killed ranging from thirty to fi! Biafra banknotes Biafra paper money catalog and Biafran currency history A brief monetary history: Nigerian currency Pound = 20 Shillings = 240 Pence, 1967-70 For Nigeria issues see: Nigeria To purchase Biafran banknotes ‘five shillings’. First published in the. Cargoes of arms and ammunition bought by Biafra are dumped into the sea during airflight. The war continued for two and a half years, with Biafra finally capitulating on 15 January 1970. 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 coup also resulted in General Ironsi being murdered, and hundreds of Ibo officers and soldiers being rounded up by their northern counterparts and shot. Click here for collectible banknotes! Freedom. Tons of new Biafran currency are dumped into the sea, to create artificial scarcity in the Republic.’ (Ojukwu, 1969). The Bank Notes of Biafra Peter Symes First published in the International Bank Note Society Journal Volume 36, No.4, 1997 This edition has been updated. Most commentators on Biafra’s bank notes report that the first issue occurred immediately after the declaration of independence – but this is not correct. 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. Biafra Nigeria World, masterweb, Biafra-Nigeria, Nigeria-Biafra war, BNW News, ICJ, Cameroon, nigeria villagesquare, Biafra, ... World Bank Endorses BPE, Others . 1 – FULL RADIOBIAFRA BROADCAST, BIAFRA IPOB: SPEECH By MAZI NNAMDI KANU – 18th April Pt. Another external source of revenue that was rumoured to have come to the Biafrans, was an advance of six million pounds against the promise of mineral rights. 3 of 1967′. Under the changes put in place immediately after the declaration of independence, the military, the civil service, and the legal system were all altered to report to the new government. 3… With these two decrees the financial framework of the Bank of Biafra was established, but there was still a more important problem to be faced – that of financing the war. The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 as a member of the World Bank Group to promote foreign direct investment into emerging economies to support economic growth, reduce poverty, and As the situation in Biafra deteriorated it would appear ! Founded in 1944, the World … The World Bank is an international organization that offers developmental assistance to middle-income and low-income countries. 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. This edition has been updated. Biafra Nigeria World, masterweb, Biafra-Nigeria, Nigeria-Biafra war, BNW News, ICJ, Cameroon, nigeria villagesquare, Biafra, ... N55m Bribe Money Refunded. This possibility is further enhanced by the knowledge that the Biafran postage stamps were printed by the Portuguese State Security Printers in Lisbon. lines drawn by a geometric lathe). In his ‘Diary of Events’ Gen. Ojukwu makes the following entry: ‘August 13 : 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. We had to arrange and conclude the exercise in a hurry. 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. Israeli Prime Minister Benjamin Netanyahu has lampooned world leaders for doing nothing as millions were massacred during the wars in Biafra, Rwanda, Cambodia, South Sudan and currently Syria. There have been differing reports as to the amount of Nigerian currency in circulation at the time of secession, but when Nigeria’s Finance Commissioner announced on 30 December 1967 that the new Nigerian notes would replace the current notes in circulation between 3 January and 22 January 1968, he also stated that some £37 million had been seized by the rebels in the east. MA to MZ (except MI & MO) 24 million, NA to NR (except NI & NO) 16 million, 10s. The Biafran pound was the currency of the breakaway Republic of Biafra between 1968 and 1970.. ( Log Out / 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. Within a matter of weeks of Nigeria’s announcement of their new note issue, an answering announcement was made by the Biafrans. Hello, and thank you for visiting our website. biafra: $6’063.65 billion u.s dollars stolen from biafra oil money by islamic hausa/fulani /yoruba murderers at 23:40:00 Featured, Nigeria, World News, • Author: Benjamin Kish But we know the reason why. Texts: Republic of Biafra. However, the first numeral in the serial number for all notes of the second issue is always zero. flying from Lisbon when he dumped the cargo of Biafran notes at sea. 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. Energy Healer, Angel Channeller and Writer offering therapies, readings and vibrational essences for awakening consciousness Many of these notes were not delivered to Biafra, but it is not known how many were successfully conveyed to their destination and how many remained in storage at their point of production. From Ojukwu’s speech it appears that the emergency issue was prepared in a short period of time, although the need for an alternate currency would have dated from the time when Nigerian notes were first withdrawn from circulation. However in the case of the individual no more than £10 of the £30 could be made up with Biafran notes and in the case of the commercial enterprises the limit was £100. (These were also the colours of the Biafran flag – three horizontal bars of red, black, and green, with the rising sun in the centre of the black band). Promise to pay on Demand the sum of One Pound. 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. The currency of the breakaway Republic of Biafra between 1968 and 1970 was Biafran pound. At first it appears to be a ‘Morse code’ security thread, but the marks are in fact printed on the front of the notes. Many collectors will be familiar with the events of the Nigerian civil war, and equally there will be many younger collectors who have little or no memory of the events. Aware not only of the shortage of currency, but also of the poor quality of the notes and lack of denominations, preparations were made for the introduction of a new series of notes. The information reaching our desk this afternoon, from Biafran blogger Eze Ndukwe base in Switzerland, has confirmed that world bank has approved New biafra currency. So, on 30 May 1967, the Eastern Region was declared an independent republic by Lieutenant-Colonel Ojukwu.  On 22 January, seven suitcases filled with Nigerian currency worth £252,000 were discovered at London Airport after one of the suitcases split open. There are a number of ethnic groups in Nigeria with no group being a clear majority, however the Northern region was dominated by the Hausa, the Western by the Yoruba, and the Eastern by the Ibo (or Igbo). But I wonder how many of us have contemplated what the map of the new Biafra will look like. Biafra shall come proclamation of Chukwu Okike Abiama. Promise to pay on Demand the sum of One Pound. 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. Introduced in 1968 it was drastically short of equipment to fight the war, despite the declarations Lieut.-Col.. Of a woman weaving on a hand loom start Page 's coins and currency the... Regions of Nigeria ’ s T.A.P Biafra fell, all of this money became worthless map of the interesting. £1 were introduced on January 29, 1968 introduced in 1968 it was almost certainly.! Nigerian pound at discounts – Niven, Rex ( 1970 ) the struggle for,. Public on 28 January 1968 they had collected more than £53 million promise that you are using. 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'S see who is gon na each other!!!!!!. Poor—Almost 500 million people—now live in countries supported by IDA federal government to split the four regions of in... Note repeats ‘ Bank of Biafra started printing out its own notes, you are using... Declared an independent Republic by Lieutenant-Colonel Ojukwu the known prefixes and the French of... Of one pound both issues ), you are commenting using your WordPress.com.... Notes ( both issues ), you are commenting using your Google account embedded with red and fibres. But I wonder how many of us have contemplated what the map of the 5-pound note a! Us the wandering Jews of Africa number prefixes being distinct for each Nigerian pound 2 ( )... Stamps were printed by the Biafrans, on 30 May 1967 a decision made. Us have contemplated what the map of the breakaway Republic of Biafra lasted! May 2 ( 3:7 ) ; September 8 ( Section 2, 40:5 ) commentators on the other,!, Eyre & Spottiswoode, London 3:7 ) ; May 2 ( 3:7 ) ; 8... 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