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Friday, February 3, 2023

JUST IN: CBN releases security features of new Naira notes as new fake currencies emerge (See details)

The Central Bank of Nigeria (CBN) has released security features of the new N200, N500, and N1000 naira notes.

In a document released on Tuesday, December 20, 2022, the apex bank said the action is to protect Nigerians from falling victim to counterfeiters.

It explained that the security features are available in the N200, N500, and N1,000.

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Barely five days after their release, the new naira notes are allegedly being counterfeited by some individuals in Nigeria.

The Central Bank of Nigeria had, at the unveiling of the new notes stated the new messages are loaded with security features that make them uneasy to counterfeit.

At the front of the most significant denomination in Nigeria, the CBN shows close to the CBN name a security feature of intaglio raised print, a portrait watermark, and optically variable ink in the form of a rectangular arrow pointing downwards.

At the front of the N1,000 notes, there is also a kinegram of the N1,000 note and the Nigerian Coat of Arms. At the back of the N1,000 note are an Iridescent band, windowed metallic security thread, a see-through printing register, and a raised intaglio print.

See details below:

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N500 Security Features

At the front of the new N500 note are hand-engraved portraits and windowed metallic security thread with CBN inscription.

Others include optical variable ink, see-through printing in Register, and a raised intaglio print at the front.

See the details below:

Security Features in N200 note

Almost the same features are replicated in the new N200 note, except for a gold patch with an embossed Coat of Arms.

See the details below:

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