Biafra-1-Pound-banknote

Biafra 1 Pound banknote

13 Dec 2018  Thu

Biafra, officially the Republic of Biafra, was a secessionist state in West Africa which existed from 30 May 1967 to January 1970; it was made up of the states in the Eastern Region of Nigeria. Biafra's attempt to leave Nigeria resulted in the Nigerian Civil War. After two-and-a-half years of war, during which almost two million Biafran civilians died from starvation caused by the total blockade of the region by the Nigerian government and the migration of Biafra's Igbo people into increasingly shrinking territory, Biafran forces under the motto of "No-victor, No-vanquished" surrendered to the Nigerian Federal Military Government (FMG), and Biafra was reintegrated into Nigeria. An early institution created by the Biafran government was the Bank of Biafra. The bank carried out all central banking functions including the administration of foreign exchange and the management of the public debt of the Republic. After the announcement, tons of Nigerian bank notes were transported in an effort to acquire foreign exchange. The currency of Biafra had been the Nigerian pound until the Bank of Biafra started printing out its own notes, the Biafran pound. The first notes denominated in 5 shillings and £1 were introduced on January 29, 1968. In 1969 new notes were introduced: £10, £5, £1, 10/- and 5/-. The note depicted alongside is a 1 Pound banknote. The front has a rising sun behind a palm tree to left with the denominational value in number and words to right. The back has in center-right the official Coat of Arms and the denominational value in number to left. This predominantly greyish-blue, orange and brown note has signatures the Governor and the Director. Image Courtesy: Coins and Banknotes International