After Biafra's declaration of independence from Nigeria, Nigeria attacked Biafra with British and Soviet military support.. Biafra was formally recognized by Gabon, Haiti, Ivory Coast, Tanzania, and Zambia. This desperate method of raising foreign exchange supposedly lasted only a brief period of time. 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. On 22 January, seven suitcases filled with Nigerian currency worth £252,000 were discovered at London Airport after one of the suitcases split open. The first notes denominated in 5 shillings and £1 were introduced on January 29, 1968. fty thousand. The production of our currency notes could not be of the highest quality.’ (Ojukwu, 1969). This prediction is now right on the mark: when Obasanjo gets the Conference report, he can do anything with it and to it. Although reports had appeared in the international press as early as June 1967 that Biafra intended to issue its own bank notes, it was not until 1968 that the first bank notes were introduced. Essentially, most of the institutions required for running the new republic existed as part of the Nigerian government’s administration for the Eastern region. There is also the usual text associated with any bank note – the name of the country, ‘Republic of Biafra’; the name of the bank, ‘Bank of Biafra’; the ‘promise to pay on demand the sum of ...’; and the value of the note, e.g. We will launch the Biafran new currency called Gad and Eri on December 15, 2019 at Ndoki park Aba, Abia state. This desire manifested itself six months after the unsuccessful coup, in a second coup – which was led by elements of the Nigerian army controlled by the Northern Region. Each prefix has ten million numbers, there fore the number of notes prepared for this issue are estimated to be: 5s. 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. 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. Because many of the officers involved in the coup were Ibos, and because the Premiers of the Eastern and Mid-West Region (who were both Ibos) remained unharmed in the coup, it led many to believe that the coup was promoted by the Ibos. 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. Riots, which broke out in several parts of the country, thus found Ibos as the targets of violence. I still have them with me. However, yet another estimate stated that £30 million were circulating in Biafra at the point of secession, with further reserves of £40 million being held in the bank vaults of the Central Bank in Enugu and Port Harcourt. ‘The question of central banking and coinage is something which must be very carefully looked into. In addition to the notes that circulated in Biafra, and those which were dumped into the sea (first series), there were also thousands of undelivered notes that survived the war. 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. Under $50.00 - apply Price filter. Coins from Biafra. The Biafran pound was the currency of the breakaway Republic of Biafra between 1968 and 1970. The use of this paper is the dominant security feature of the issue, however there is a very interesting attempt to use an early form of ‘micro printing’ on all notes of this series. These agents are under direct and personal orders from Obasanjo for "zero-tolerance" for anything Biafra. Example: A search for "1 franc" is more precise than 1 franc. On the other hand, the retention of Nigerian currency may simply have been to provide a recognised circulating medium, and to provide some legitimacy to Biafra’s use of Nigerian currency in purchasing foreign exchange. 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. Equipment had to be bought quickly, and (of course) had to be paid for. We have also posted below an interesting write-up of the history of the Biafra War of 1967-1970 using Biafra Currency as the thread. flying from Lisbon when he dumped the cargo of Biafran notes at sea. The sale of undelivered notes included remainders as well as notes in issued form. Cargoes of arms and ammunition bought by Biafra are dumped into the sea during airflight. Because of the early support by Portugal and the later connection with ‘Markpress’, one could conjecture that the first series was printed in Portugal and the second in Switzerland. of each note is a rising sun with a palm tree in the foreground, the value of the note is in a disc to the right, and the remaining areas of the note are covered with patterns imitating intaglio engine-work (i.e. 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. Biafra; News. – Waugh, Auberon & Cronje, Suzanne (1969) Biafra – Britain’s Shame, Michael Joseph, London. Some members of the Indigenous People of Biafra (IPOB) have called on Ndigbo to rally around to restore the sovereign state of Biafra said they do not need monetary assistance. However, at the end of the conflict it was estimated that between £115 and £140 million in Biafran currency was in circulation, indicating that a large proportion of the currency was delivered into circulation. 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. At first it appears to be a ‘Morse code’ security thread, but the marks are in fact printed on the front of the notes. ), 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. MA to MZ  (except MI & MO)      24 million, NA to NR  (except NI & NO)      16 million, 10s. 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