The E-Sylum:  Volume 10, Number 9, March 4, 2007, Article 27

NIGERIA UPDATES BANKNOTES

This week the BBC news published a photo diary on Nigeria's newest
banknotes:

"Lower-denomination naira notes and coins in Nigeria have had a
makeover, making them smaller, lighter and more durable. Some in
the capital said the notes 'look like hard currency'.

"The bank says the new 50, 20, 10 and 5 denominations have the added
bonus of being 'extremely difficult to forge'. Higher 1,000, 500, 200
and 100 notes remain unchanged.

"The new notes have their values written in Nigeria's three major
languages, Hausa, Yoruba and Igbo. The old notes will be phased out
after a certain period."

To view the pictures of Nigeria's new banknotes, see:
Full Story

  Wayne Homren, Editor

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