Saturday, 25 August 2012

Nigeria's first largest currency note


As you wait for Nigeria’s biggest denomination currency, reflect on our first largest note, The Five Pounds, issued in 1959.

The design: 69/16 x 315/16 Inches; paper material. it was withdrawn in 1965.
The Five Pounds, issued in 1959
When the new N5, 000 note comes next year, it would be of interest to see how the artists and designers would give a good composite of the three ladies: Funmilayo Kuti, women's right activist (1900 -1978); Margaret Ekpo: late politician and social mobilizer (1914 - 2006); Hajia Gambo Sawaba: late politician and activist (1933 - 2001).

Sadly the Central Bank of Nigeria (CBN) does not make the record of the designers of our currencies public. Does the CBN have the names of the designers in their archives? Not exactly, or the management does not think it's important to make it public. 

Others issued were One (1) pound, Ten (10/-) Shillings, Five (5/-) shillings, which were withdrawn in 1965 and coins in the denominations of Two (2/-) shillings, three (3p) Pence One (1p) Penny and One half (1/2p) Penny. The coins were withdrawn in 1973.

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