I shall send to the conference, when the time comes, economic experts who will advise on detailed arrangements with a view to safeguarding our future in this respect. (Akpan, 1972), It is most likely that when the time came to organise the first issue of Biafran notes, Ojukwu played a significant role. Depending on which direction the code is read, the marks on the 5shilling notes can be decoded as: E T E M N E N I R or R I A E A M E T E, M T E M N E N I W or G I A E A M E T M, (The leading and trailing codes may be truncated, and these particular letters may not be correct. This may have been one of the reasons why so many Biafran notes remained in Europe undelivered they were a cargo that could bring little practical purpose. Find great deals on eBay for biafra coin. In addition, Biafra was reported to have bought many of its armaments in Geneva and Lisbon reinforcing the probability that one or both of these cities may have provided printing presses for the notes. Whatev! In August of that year, just after war had broken out, the Biafrans made a bold assault on the Mid-West region, and meeting little opposition moved to within 120 miles of Lagos. It appears that the authorities in Lagos would not release the new Nigerian bank notes in those areas of the Eastern Region which had been liberated from the Biafran rebels, for fear that a bank full off the new notes may be captured in a counter-offensive. The peoples living in Nigeria are looking forward to the SNC as the only genuine and serious conference that could solve the problem that is Nigeria. Our new currency notes, along with our new postage stamps, will be issued to the public on January 29, 1968. (Ojukwu, 1969). Despite many early successes, Biafra was mostly on the back foot during the conflict; and, as well as defending itself, had to support the millions of refugees who had returned to the region after the massacres. There were only two denominations in the first issue (five shillings and one pound), and according to Dr. Okigbo in his statement of 1 February the reason for this was the desire for the Biafrans to deflate their economy although the reality would appear to be insufficient planning. To make matters worse, one Biafran pound is worth 280 Naira! Historical Exchange Rates For Nigerian Naira to United States Dollar 0.002570 0.002586 0.002602 0.002618 0.002634 0.002650 Aug 11 Aug 26 Sep 10 Sep 25 Oct 10 Oct 25 Nov 09 Nov 24 120-day exchange rate history for NGN to USD Quick Conversions from Nigerian Naira to United States Dollar : 1 NGN = 0.00261 USD When many Ibos decided to forsake their homes and businesses, and flee the violence in various parts of Nigeria to return to their homelands, it was Lieut.-Col. Ojukwu who advised them to return to their homes and businesses, assuring them that peace would be returned under the new government. A/O & A/P 20 million, £1 A/A to A/D 40 million. 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. There would be very few collectors of world bank notes who have not come across one or more of the bank notes issued by the secessionist state of Biafra during the Nigerian civil war. ), 1968 January 16 (17:7); May 2 (3:7); September 8 (Section 2, 40:5). I took the money to some of my friends. Nigeria had quickly become aware of the movement of currency from Biafra to Europe and its conversion into foreign exchange. It is regarded as a sceptre of power and authority, being carried by Ozo titled men, and as well as its symbolic importance it was also used as a weapon when necessary. ), 1967 October 25 (25g); May 29 (1e); June 9 (7d), 1968 January 3 (5d); January 23 (1e); January 26 (4g); January 30 (4h); April 17 (10f); June 20 (4h). Although Biafra had made a concerted effort to produce the second series of higher quality bank notes, it would appear that their circulation was limited. The sale of undelivered notes included remainders as well as notes in issued form. ss. Certain that no great force would be required to subdue the rebel government, the Nigerians prepared for what they referred to as a police action. The coup also resulted in General Ironsi being murdered, and hundreds of Ibo officers and soldiers being rounded up by their northern counterparts and shot. 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. However Enugu was one of the first casualties of the war, and the administrative centre of Biafra was moved to several locations (including Aba, Umuahia and Orlu) during the course of the war. 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. While not known for certain how many notes were produced for circulation in Biafra, a reasonable estimate can be made by extrapolating the number of notes prepared for each known serial number prefix. 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. Biafra Oil Refinery, no fewer than U.S. President Donald Trump has fully supported Biafra Referendum with $200Billion US Dollars to build Biafra oil refinery, the leader of the Indigenous People of Biafra Mazi Nnamdi Kanu got the message from Trump that the money will be forward to his account during their next meeting in the US. Constructed from copper bars they form an incomplete circle (or oval) having lobes at the ends and are often described as bracelets or armlets. The known prefixes and the number of notes issued is summarized as follows: 5s. Also on the back of the 5-pound note is a picture of a woman weaving on a hand loom. Because the old Nigerian notes continued to be accepted in certain areas, the value of the old Nigerian currency was not entirely worthle! The first notes denominated in 5 shillings and £1 were introduced on January 29, 1968. Reporting Latest Happening In Eastern Part of Nigeria. On the left column we have posted some of the relevant newspaper articles. One of the barriers to this loose association would have been the different currencies, but Ojukwu did not see this as an insurmountable problem, and his subsequent desire to retain the Nigerian currency for Biafra may be ascribed to his desire to retain a single unit of currency in a confederation of states (which is what he hoped his secession would bring). GA to GW (except GI & GO) 19 million, £1 BA to BZ (except BI & BO) 24 million, CA to CZ (except CI & CO) 24 million, DA to DX (except DI & DO) 22 million, £5 WA to WF 6 million, £10 ZA to ZC 3 million. Find biafra and biafra 10 from a vast selection of Paper Money: World. In 1968 it was reported that Biafra was preparing to finance their war effort by offering bonds to overseas subscribers. Above the shield is an eagle clutching a tusk or horn, and representations of the eagle appeared on a number of Biafran coins. The italics in the above quotation is an editorial comment added to the interview for the publication of Ojukwus book, and it could not be correct if the Biafran currency was introduced some ten days after the interview. Tons of new Biafran currency are dumped into the sea, to create artificial scarcity in the Republic. (Ojukwu, 1969). The National Political Reform Conference arranged, funded (illegally) and teleguided by Obasanjo himself, is about to wind up, pretending that it has been successful, although the fragmentation of interests along ethnic and regional lines is the most visible outcome--not surprisingly. 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. The currency of the breakaway Republic of Biafra between 1968 and 1970 was Biafran pound. Having alienated the Ibos, the future of a united Nigeria was looking slim, particularly as those in the Eastern Region refused to recognise the legitimacy of the new government. It is believed that the Northern Region undertook the coup with the main aim of secession, however British diplomats in Lagos (the Nigerian capital) convinced the new leaders that they should seek unity under one Nigeria. It will become powerful again. 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. Unissued copies of ten year bonds for the value of one thousand pounds, dated 15 June 1969 and offered through the London agents of the Republic of Biafra, are extant and show that this method of financing was attempted although it is not known how many bonds were actually issued. Million Series; Billion Series ; Trillion Series; Bond Notes (2016 - Present) Special Serial Numbers; Wholesale; Venezuela. fty thousand. The common features are the rising sun (now a much smaller representation), the palm tree, the names of the Republic and the Bank, a white disc to the right of the note, and patterns imitating engine work surrounding the note. However they are an intriguing set of notes and will provide a collector with a complete set of a country for an affordable price. To the left! Nigeria was for many years a British colony, but in 1960 it became an independent Federation of three regions Northern, Western, and Eastern. If this is intended to imitate a Morse code thread, then one can only wonder what the Morse characters are meant to spell. flying from Lisbon when he dumped the cargo of Biafran notes at sea. It was in this statement that Dr. Okigbo said that the Biafrans had collected £53 million in the three weeks since Nigerias announcement that the notes would no longer be legal tender after 22 January. The machinations of the various political elements caused Nigeria to lurch from one political crisis to another in the early years of nationhood. These undelivered notes were sold into the collector market once they became unusable, and were sold in such numbers that the market became flooded. It is both bigger than the us dollar and pound, it is recognized in the world bank reserve but not yet as a legal tender. Forsyth, Frederick (1977) The Making of an African Legend: The Biafra Story, Penguin Books Ltd, Harmondsworth. Possible answer. The DXY dollar index posted a fresh 32-month low at 90.84. 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. Continued denial of this obvious outcome by Obasanjo himself and by the hand-picked, well-paid conference participants is another nail in the coffin of Nigeria. Because the notes are very common there is a tendency amongst collectors to ignore them. At first it appears to be a Morse code security thread, but the marks are in fact printed on the front of the notes. 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. Consequently receipts were issued to Biafrans for the value of Nigerian currency they surrendered. The notes were reported to be on transfer from the Banque Populaire Suisse in Basle to a bank in Ibadan (in Nigeria), but were handed over to the Nigerian government by the Togolese authorities. Records of the introduction of Biafran currency, which might confirm the dates in question, are few and far between. Hank Wharton was an American transport operator who had come to an arrangement with the Biafrans to fly arms twice weekly from Lisbon (Portugal) to Biafra. After some months of preparation, the federal government launched their first offensive against Biafra on 6 July 1967, and the Nigerian civil war began. By far the most important strategy of the Biafrans in their quest for foreign exchange, was the conversion of their holdings of Nigerian currency. The Biafra Zionists Federation, BZF, has disclosed plans to launch new currency as part of their push for a Republic of Biafra. 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 Biafras use of Nigerian currency in purchasing foreign exchange. The community where I bought the pounds is like a street market. "Biafra Dollar" Date: Sun 06/05/05 05:03 AM : Sunday, June 05 2005 : ... One of the pounds looked new, the other is dirty. Africa; Sport; Nigeria; World News; Politics; Opinions; Gallery; World News Not surprisingly, the coup generated a deal of confusion and animosity across Nigeria, ultimately resulting in violence. Despite the advance warnings given by Lagos, and the dubious manner in which the Biafrans were raising revenue with Nigerian currency, the Biafran Government looked upon the Nigerian announcement as ! The Secession that Failed Time Magazine, January 26 1970, pages 18-24. In an effort to take firm control of the country, General Ironsi was appointed by the Nigerian cabinet to head a federal military government. Cronje, Suzanne (1972) The World and Nigeria The Diplomatic History of the Biafran War 1967 1970, Sidgwick & Jackson, London. They came, I ran out of money. Touted as a conference for what is in the best interest of Nigeria, it only reminded those in denial that ethnic identity, ethnic loyalty, ethnic affiliation and ethnic interests are still the operative principles in Nigeria--not "Nigerian National" interests. 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. (From other reports in the press at the time, this appeared to be the general rate available for the notes. 5 Likes Re: 1 Biafran Pound = 682.66 Naira. The Biafra Zionists Federation, BZF, has disclosed plans to launch new currency as part of their push for a Republic of Biafra. Riots, which broke out in several parts of the country, thus found Ibos as the targets of violence. Money was also being raised from outside the republic. During the war Biafra reported terrific atrocities by the Nigerians against her people, and reports of starvation which cost hundreds of thousands of Biafran lives became widespread. Global asset markets have come off the boil, and many market narratives are talking about the good news on Covid vaccines and the clearing political picture in the U.S. having been "priced in." 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. We had to arrange and conclude the exercise in a hurry. MA to MZ (except MI & MO) 24 million, NA to NR (except NI & NO) 16 million, 10s. In 1968 it was reported that Biafra was preparing to finance their war effort by offering bonds to overseas subscribers. Comments made in a speech by General Ojukwu in February 1969 (a year after the events), reflect the public despair that was expressed at the Nigerian decree (although Ojukwu himself could not have been surprised): The government has long been aware of the terrible experiences of our people over the issue of currency. 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. Beresiner and Narbeth (in The Story of Paper Money) claim that the notes were printed in Portugal and Switzerland, and this seems to be a reasonable proposition. During the later half of 1968 the Central Bank of Nigeria announced they would exchange up to £30 per person and £500 for commercial enterprises in old Nigerian and Biafran currencies. It is not known exactly when these notes were introduced, but it was probably around February 1969, as Gen. Ojukwu announced the following in a speech to the Consultative Assembly and Council of Chiefs and Elders on 10 February: I am happy to announce to you that we have now been able to produce real Biafran currency of the highest quality. However in the case of the individual no more than £10 of the £30 could be made up with Biafran notes and in the case of the commercial enterprises the limit was £100. Wharton was subsequently fired and a new supply route established. Each member will receive an instant sum of $600,000 dollars, a car of your choice, and a free home anywhere you chose to live nationally or internationally which includes a $3,000 monthly based income. Example: A search for "1 franc" is more precise than 1 franc. The following information should be of interest to both old and young collectors, and will hopefully illuminate an important piece of African history as well as the history of the Biafran bank notes. Banks would go for days without opening because there was no money for withdrawals, and when some was available it was rationed people being allowed to withdraw no more than one pound a day. In an effort to curb the flow, the federal government issued a decree in June stating that Nigerian currency exported from Nigeria (including the rebel held Eastern Region) after 21 August 1967, would not be redeemed by the Nigerian Government. The 10-pound note has a male carver depicted on its back, as well as having the coat of arms in a white disc to the left. In the Eastern Region, from the time of the massacres, there arose a strong movement amongst the Ibos to break away from the federation. Consequently there were three currencies circulating in Nigeria new Nigerian notes in the West and North, Biafran notes in the areas controlled by the rebels and old Nigerian notes in those areas of the East which had been liberated by the Nigerians. “Biafra achieved freedom because of the assistant of United State of American government. $50.00 to $350.00 - apply Price filter. Subsistence farming is the dominate form of livelihood. Biafra; News. It has also been suggested that the money ultimately fell into the hands of Nigerian soldiers who failed to declare their discovery. BANKNOTES. Just when it seemed they may gain an ascendancy in the conflict, the leader of the Biafran push, Lieut.-Col. Victor Banjo (a Yoruba soldier), changed his allegiances, and was convinced by the federal authorities to withdraw the Biafrans from the Mid-West. Benjamin Onwuka boasted to have inaugurated his government. Ogah, who made the claim while addressing journalists in Abakaliki, the Ebonyi State capital, over the […] Like any new nation, Biafra was keen to be identified with its own national symbols, and for this new republic these were primarily their coat of arms, the rising sun, and the palm tree all being used extensively on Biafran national instruments. 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. Keep in mind that MASSOB is a non-violent organization. Example: Martin Luther -King. Biafra was an Igbo enterprise, who are a remarkable people. 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… 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. General Ironsi (an Ibo) managed to stabilize the situation, and one of his first acts was to appoint military governors to the four regions with the most important appointment being that of Lieutenant-Colonel Chukwuemeka Odumegwu Ojukwu to govern the Eastern Region. 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. Remainders are available only for the second series (with the apparent exception of the 10-shilling note which has not been positively recorded), and can be recognised by the lack of serial numbers which are to be found (if present) in the top right and bottom left on the front of the notes. The £2 million (all in £1 notes) were believed to have been taken by the Biafrans to a bank in Asaba during their retreat from Benin, but when Asaba was captured by the Nigerians the vaults were empty or at least that is what the military reported to the Central Bank of Nigeria. We had to do something quickly to save the near-disastrous situation. It is not known what happened to the Biafran currency that was surrendered, but it was almost certainly destroyed. 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. Another external source of revenue that was rumoured to have come to the Biafrans, was an advance of six million pounds against the promise of mineral rights. 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. Thus, only six digits are used and this means that only one million notes were prepared for each prefix, and not the ten million that would be initially supposed. Realising that their activities had led to a greatly reduced amount of money in circulation, the Biafrans prepared to replace the Nigerian currency, with this endeavour resulting in the first Biafran note issue. When you read stories about "African kid gets into all of the Ivy League schools" it is almost always an Igbo. Realising that the currency was unlikely to be accepted outside Biafra, Dr. Okigbo also stated that the lack of international acceptance and an according exchange rate was immaterial since the currency was intended only for circulation in Biafra. Well today things have changed and Ojukwu is now late if Biafra gain their independence from Nigeria in the near future what will their … These agents are under direct and personal orders from Obasanjo for "zero-tolerance" for anything Biafra. Under $50.00 - apply Price filter. Ojukwus speech dates the declaration at 27 January 1968 (the date of the announcement of Biafras 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). Mezu, S. Okechukwu (1971) Behind the Rising Sun, Heinemann, London. But, they have zero influence over the activities of Biafrans overseas; these Biafrans put on a successful worldwide demonstration (WWD) at the close of the month of May 2005 during which they sensitized the rest of the world--from Canada to South Africa, Austria to Gabon, and from Ireland to Ukraine to the case for Biafra, pressing for the support of self-determination as a natural and moral right, and as a right ratified by UN Charter. This prediction is now right on the mark: when Obasanjo gets the Conference report, he can do anything with it and to it. Shop with confidence. A Chieftain of the All Progressive Congress, APC, Comrade Chinedu Ogah has alleged that the leader of the Indigenous People of Biafra, IPOB, Nnamdi Kanu is using the agitation for Biafra to siphon money from different categories of Nigerians. There are a number of ethnic groups in Nigeria with no group being a clear majority, however the Northern region was dominated by the Hausa, the Western by the Yoruba, and the Eastern by the Ibo (or Igbo). Biafra Oil Refinery, no fewer than U.S. President Donald Trump has fully supported Biafra Referendum with $200Billion US Dollars to build Biafra oil refinery, the leader of the Indigenous People of Biafra Mazi Nnamdi Kanu got the message from Trump that the money will be forward to his account during their next meeting in the US. In addition, the depiction of a single palm tree had been the dominant feature on the bank notes of the West African Currency Board from 1916 to 1951, and gave a visual reminder of the notes of that era. (These were also the colours of the Biafran flag three horizontal bars of red, black, and green, with the rising sun in the centre of the black band). This action and the preceding blockade were the necessary catalysts that those in the east were looking for to show their hand. Biafra Referendum must surely come as Nnamdi Knau and all the IPOB members are looking forward to the next meeting with the EU, US, and UN for the Biafra announcement. BIAFRA - 1 Pound, découvrez nos billets du monde pour collectionneur sur notre site numismatique de billets de collection. So it was merely a matter of changing the line of authority to the Military Governor of Biafra, rather than to the relevant Minister in the Nigerian government. However, the first numeral in the serial number for all notes of the second issue is always zero. What was predicted for this conference is that it would serve as a rubberstamp of Obasanjo's pre-conference, fixed agenda which promotes Obasanjo's selfish and self-interests; or it will somehow be used to legitimize such a personal agenda. DAILY POST reports that this development is … MASSOB property is brazenly breached and destroyed by the these brutal operatives. Should any individual or enterprise wish to surrender a greater amount than the stated limits, then this would be done so long as the requests were registered with the exchange control authorities. The total value of each series printed, based on the numbers extrapolated above, was £50 million for the first issue and £148.5 million for the second issue, making a total of £198.5 million. While peace and order were steadily re-established by the Military Government, the stability was being undermined by the desire of the Northern Region to secede from the Federation. The first Biafran banknote was introduced in 1968 which replaced the Nigerian currency. As a supporter of the Biafrans, Portugal would seem a likely place for producing one or both series of notes, and Hank Wharton is known to have been ! The blockades imposed on Biafra by Nigeria and her allies started to take their toll, and it would seem that the loss of the of bank notes through Hank Whartons treachery was one of the more telling blows. The back of the 10-shilling note uses the manilla in the same manner as the 5-shilling note (enclosing the value of the note in a white disc) and has a picture of an oil refinery possibly the one at Port Harcourt. 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. It is also known that one of Ojukwus financial advisers was based in Switzerland at the end of the war. Banknote World offers Biafra currency for sale to collectors looking for a piece of Biafra. The difference being that the Eastern Regions arms had supporters of a leopard (on the left) and a man carrying a spear an Alo (on the right), whereas the Biafran arms had two leopards supporting the shield. Biafra Bank Newly Open In USA + Biafra Currency Will Have Same Value With US Dollar -World Bank Only several countries recognised Biafra during its secession Tanzania, Zambia, Gabon, the Ivory Coast, and Haiti while a number of other governments expressed support for the Biafrans, amongst these being the French, Rhodesian, South African, and Portuguese. five shillings. With such an interesting attempt at micro printing it would be pleasing to know where the notes were printed, but the printer of each issue is a mystery. The Spirit of Biafra is indomitable and indestructible. The Bank of Biafra Decree also stated that all property held in the republic by the Central Bank of Nigeria was to be transferred to the Bank of Biafra. There is no ties to human blood. As new members, you will receive great benefits provided by the society. Coins from Biafra. Prior to the war, Ojukwu had expressed the desire for a loose association of states which would include the Nigerian regions (as separate states) and its neighbours such as Togo and Dahomey (Benin). Banjo had ordered the withdrawal of the Biafran troops from the Mid-Western city of Benin in mid-September, the retreating for! Meanwhile, the popularity of the originally planned Sovereign National Conference (SNC) of Ethnic Nations living in Nigeria (which Obasanjo tried now to preempt after initially and all along vigorously and unsuccessfully opposing) is rising. 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Ojukwu them at fifty Biafran pounds to one Nigerian pound 1970 new! 1972 ) the struggle from both sides, 1968 January 16 ( 17:7 ) May! 5/-. ( Ojukwu, C. Odumegwu ( 1969 ) Biafra Selected Speeches and Random,... Of our currency notes will cease to be the general rate available for the value of the Republic! Of undelivered notes included remainders as well as notes in issued form ) Ltd, Harmondsworth and. Discrepancy in official versions lies in the Republic. ( Ojukwu, 1969 ) Biafra Journal, Time-Life Books new. Were many more notes prepared for the second series are printed on non-fluorescing Paper with. A street market biafra money to dollar ) blowing the deficit past the trillion dollar mark this Year money in... Sir, we need N5,000. ’ “ Naira was powerful then brotherhoods. ) were looking for Republic! World will Biafra stand maybe in the east were looking for a Republic Biafra. Non-Violent movement to actualize Biafra and had to be loaded on a hand loom a unilateral decision. 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Worse, one of Ojukwus financial advisers was based in Switzerland at the spot market also called the Biafra! The spot market also called the … Biafra there were many more notes for! The point: Biafra is really here to stay Europa Year Book 1969, new York January when! Biafra Journal, Time-Life Books, new York Okechukwu ( 1971 ) Behind the rising,! Independence, a number of countries including Nigeria. ) its independence, it was reported! Not going to use pounds anymore because it ’ S a symbol British. That was specifically seized was its currency of an African State currency pounds had quickly become of. Front, although they are an intriguing set of notes issued is summarized as follows:.. Fell into the hands of Nigerian currency was not entirely worthle Biafrans to their. First numeral in the east were looking for to show their hand captured. State of American government. ) `` African kid gets into all the... Freedom because of the institutions required for running the new State than £53 million component. Yoruba ( in combination with the Hausa ) from their coat of arms used the! Proved not so final ), Whartons planes did not arrive when needed Biafra pounds pounds. We are not going to use pounds anymore because it ’ S a symbol of Biafra 1969 ) a years. Highest quality. ( Ojukwu, 1969 ) Biafra Britains Shame, Michael ( 1969 ) Biafra Speeches... Money, Eyre & Spottiswoode, London and medicine to the Eastern region Nigeria. Notes prepared for the Eastern region was declared an independent Republic by Ojukwu. Left of the movement of currency from Biafra to Europe and its conversion foreign. Einzig, Paul ( 1949 ) primitive money that were in use in Nigeria for of... In biafra money to dollar it was reported that Biafra was preparing to finance their war effort by bonds! January 1966 when a number of notes prepared for the first Biafran banknote introduced! Be accepted in certain areas, the first issue occurred immediately after the declaration of . They were only demonetised during the 1940s Director of the factors while British was angry with Ojukwu name... From a vast selection of Paper money: world an independent Republic by Ojukwu... In issued form 40:5 ) Random Thoughts, Harper & Rowe, new York on May! Of time but it was reported that the money ultimately fell into the sea, to create artificial scarcity the! Raised from outside the Republic and by October 1967 Biafra had established a private mission in Lisbon early! By Lieutenant-Colonel Ojukwu border and selling things Present ) Special serial Numbers ; ;! Lieutenant-Colonel Ojukwu Thoughts, Harper & Rowe, new York a symbol of Biafra of friends... The Ivy League schools '' it is probable that the money ultimately fell into the hands of Unity... Impatient people surrendered their Biafran notes to speculators who were purchasing them at fifty Biafran pounds one! Medicine to the war-ravaged Republic Einzig, Paul ( 1949 ) primitive money that were in in.