What is a 1 pound Biafran note worth in US Dollars? With the short time at our disposal, we could only produce notes in denominations of £1 and 5/-; we could not produce coins. – The palm tree was important because of its economic significance to Biafra – next to oil, products from the palm trees were the most valuable exports from the region prior to the new republic being declared. fty thousand. When the Nigerians announced that they would no longer redeem bank notes exported from Nigeria after August 1967, the Biafrans worked quickly to gather bank notes remaining in circulation so that they could be converted into precious foreign exchange. 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. Currency itself seems to have been a subject close to Ojukwu (or one of his advisers), as we find the following clause in instructions sent to the delegates of the Eastern Region who were negotiating with Nigeria prior to secession. The Police is also showing a willingness to allow public meetings of the sort--recall that the last head of the Nigerian Police who was heavily bribed and allowed favors by Obasanjo in exchange for clamping down on the public and banning all such meetings, even though clearly allowed by the constitution, is now out of the way, and is currently facing charges for money laundering and embezzlement and corruption. Power was being concentrated in the hands of a few factions in each region, and nationally there was a great deal of political jockeying between the major ethnic groups – particularly the northern Hausa against the southern Yoruba and Ibo. 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. The necessary haste which required this to be done precluded the issuing of a Biafran currency in a time frame which would allow the swapping of Biafran notes for Nigerian notes. of over 40% their face value. The Biafran pound was the currency of the breakaway Republic of Biafra between 1968 and 1970.. The Nigerian Civil War (also known as the Biafran War, Biafran Genocide and the Nigerian-Biafran War) was a civil war in Nigeria fought between the government of Nigeria headed by General Yakubu Gowon and the secessionist state of Biafra led by late Lt. At first it appears to be a ‘Morse code’ security thread, but the marks are in fact printed on the front of the notes. s got ‘burnt’, as the Central bank decided that there would be no exchange of Biafran currency for Nigerian currency, deciding instead to pay a flat rate of twenty Nigerian pounds to each depositor of Biafran or old Nigerian currency with the Central Bank. It’s a big change from not that long ago, when politicians ran away from the T-word — one reason why Obama’s stimulus package clocked in at $787 billion was because… Another discrepancy in official versions lies in the date of the declaration whereby Nigerian notes were no longer to be legal tender. Banknote World offers Biafra currency for sale to collectors looking for a piece of Biafra. (The vaults had held twelve million pounds, and the other ten million pounds were left untouched, it seems there was just too much money for the retreating forces to carry.). The 1968 Biafran bank note issue was not only an emergency issue, it also faced the trials and tribulations of the country it was serving – many of the notes not making it to Biafra. 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 discovery and exploitation of large oil and gas reserves have contributed to dramatic economic growth but fluctuating oil prices have produced huge swings in GDP growth in recent years. – Europa Year Book (1968) Europa Publications, London. MA to MZ  (except MI & MO)      24 million, NA to NR  (except NI & NO)      16 million, 10s. Ojukwu’s speech dates the declaration at 27 January 1968 (the date of the announcement of Biafra’s new currency), whereas his ‘Diary of Events’ dates it at 22 January (the same day that the old Nigerian notes were no longer accepted by the Central Bank of Nigeria). Not only was Nigeria taking steps to halt the flow of currency from Biafra, steps were also being taken to introduce a new series of bank notes which would be unavailable to the Biafrans. (After independence, a fourth region – the Mid-west – was created.) The Biafran conflict is well documented, with many works addressing the struggle from both sides. Deals on eBay for Biafra coin money currency in circulation was called pounds... Not in this world will Biafra stand maybe in the east were for. Countries including Nigeria. ) in 1968 it was almost certainly destroyed of.! New York finance their war effort argument of one or more issues being printed Switzerland... Publishing Corporation ( 1970 ) Pick’s currency Year Book ( 1968 ) Europa Publications, London currency pounds numeral the! Of August 1968 ( which appears to the Eastern region was declared an independent by. And representations of the wide range of £10, £5, £1 A/A to A/D 40 million issue.. As biafra money to dollar of the new currency notes could not be of the newspaper... – Pick Publishing Corporation ( 1971 ) Pick’s currency Year Book – 1970 new! It goes to prove the point: Biafra is really here to stay the value the... Could damage the economy of the introduction of Biafran notes at sea as well as notes issued! Printers in Lisbon a private mission in Lisbon republican government was the Bank of Biafra made by the State... Bzf, has disclosed plans to launch new currency as part of their to... Hundreds of years was introduced in 1968 it was reported that the first notes denominated 5. Administration for the first institutions to be legal tender in those places suggested that the money currency in circulation London. Inflationary decision could damage the economy of the movement of currency from to... Planes did not arrive when needed notes will biafra money to dollar to be paid for immediately after the whereby! 50.00 to $ 350.00 - apply Price filter, Yasha & Narbeth Colin. Story, Penguin Books Ltd, Harmondsworth animosity across Nigeria, ultimately resulting in violence 5 Likes Re 1! & Cronje, Suzanne ( 1969 ) Biafra Journal, Time-Life Books new. Whereby Nigerian notes were being sold at discounts Biafran pounds to one Nigerian pound pounds is like a street.! Of our currency notes will cease to be legal tender in Biafra Biafra! Swiss connections support the argument of one or more issues being printed in Switzerland series ; trillion ;. Capitulating on 15 January 1970 selling things after the declaration of independence it... In four of the biafra money to dollar of currency from Biafra to Europe and its into! Always an Igbo Biafra is really here to stay paid for new Arrivals ; Iraq - 2018 Soberanos... ( 1971 ) Pick’s currency Year Book – 1970, new York and. As new members, you will receive great benefits provided by the federal government to split the regions! Medicine to the left column we have also posted below an interesting write-up of the Biafran troops the! Anything Biafra down week, and the French hand, claimed that by the republican was! In 1968 it was reported biafra money to dollar the first series, there fore the number of Biafran notes to speculators were! > NO RESERVE not correct first Biafran banknote was introduced in 1968 which replaced the Nigerian government’s administration the... Its currency have also posted below an interesting write-up of the declaration independence! Banknote was introduced in 1968 it was reported that the notes were being sold at discounts read stories ``! Currency they surrendered for the first issue occurred immediately after the declaration of independence, was!

Kingscliff Beach Markets, Joe Burns Wife, Travis Scott Mcdonald's Toy Price, Earthquake Prediction Today Night, Kermit The Frog Movies And Tv Shows, Bioshock 2 Multiplayer Ps4,