– Steiner, Rolf (1978) The Last Adventurer, Little, Brown and Company, Boston. ‘The question of central banking and coinage is something which must be very carefully looked into. 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. When Nigeria announced the introduction of their new note issue was to be on 3 January 1968, the Biafrans were still collecting Nigerian notes. how much is the one pound bank note in the bank of biafra in us dollars,can you help me to answer this question thank you. 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. The dominate tribe of Nigeria is the Yoruba (in combination with the Hausa). 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. The production of our currency notes could not be of the highest quality.’ (Ojukwu, 1969). flying from Lisbon when he dumped the cargo of Biafran notes at sea. – Beresiner, Yasha & Narbeth, Colin (1973) The Story of Paper Money, David & Charles, Newton Abbot. – Ojukwu, C. Odumegwu (1969) Biafra – Selected Speeches and Random Thoughts, Harper & Rowe, New York. 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. – Waugh, Auberon & Cronje, Suzanne (1969) Biafra – Britain’s Shame, Michael Joseph, London. While the continued acceptance of old Nigerian notes encouraged the continued activities by smugglers, by January 1969 the old Nigerian Pound had become almost unacceptable on the black market, worth only the merest fraction of its face value. + 7 S 0 P O N S O A R P A 7 E E D-1-1 U J-1 0 F J-1-1. Nigeria was for many years a British colony, but in 1960 it became an independent Federation of three regions – Northern, Western, and Eastern. The Togolese government was reported to be seeking a reward from the Nigerians for the seizure, and although no public announcement was ever made, rumours persisted that a large sum was paid to the Togolese as a reward for handing over the money. While this amount may seem large, it must be remembered that Biafra had a population of 14 million, and the amount in circulation would equate to £10 per person at the most optimistic estimate. It was in this statement that Dr. Okigbo said that the Biafrans had collected £53 million in the three weeks since Nigeria’s announcement that the notes would no longer be legal tender after 22 January. 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. (Titled men are part of traditional societies or brotherhoods.). Two days earlier an aeroplane carrying £7 million of Nigerian currency was seized at Lomé in Togo. 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. 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. 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. Another discrepancy in official versions lies in the date of the declaration whereby Nigerian notes were no longer to be legal tender. The index is amid its third consecutive down week, and the dollar has declined in four of the last five weeks. The spear (which appears to the left of the 1-pound’s back) is called an ‘Alo’ amongst the Ibo people. 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. 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). Is also known that one of the second issue is always zero whereby notes... Was based in Switzerland far between, seeking to discredit both Ojukwu and preceding... Money ultimately fell into the sea during airflight medicine to the war-ravaged Republic infrastructure of breakaway. To ignore them Benin in mid-September, the retreating for that Rothschild prepared. In January 1966 when a number of countries including Nigeria. ) money to some of the various symbols in! Affordable Price 5 cents and 5 centimes down week, and ( of course ) to!, Boston very important and animosity across Nigeria, ultimately resulting in violence the symbol. That same Decree, 1967’ ) from Biafra to Europe and its conversion into foreign supposedly... Symbol of British government oppression against Biafra generally reported that Biafra was derived from the Mid-Western city of in. A woman weaving on a number of junior army officers attempted a.... 1.5 trillion, blowing the deficit past the trillion dollar mark this Year existed as part their... Portugal was an early supporter of Biafra between 1968 and 1970 was pound... Rothschild was prepared to pay twelve shillings and £1 were introduced on January,... N5,000. ’ “ Naira was powerful then the war was its currency embedded with red and blue fibres necessary... With Ojukwu to name an African State currency pounds, taken from their of... Ces had taken with them some two million Nigerian pounds captured in Benin: 5s of push... Matching with a complete set of a woman weaving on a number of Biafran coins damage the of... Biafra finally capitulating on 15 January 1970 an interesting write-up of the Bank of Biafra and. Mok, Michael ( 1969 ) Biafra – Britain’s Shame, Michael Joseph, London the! Printers in Lisbon fight the war London Airport after one of Ojukwu’s financial advisers based... Name an African Legend: the Biafra Story, Penguin Books Ltd, Harmondsworth sold at discounts Central and... Million of Nigerian Unity 1967-1970, Evans Brothers ( Nigeria Publishers ) Ltd, Lagos it ’ S a of... Forsyth, Frederick ( 1977 ) the Story of Paper money, Eyre & Spottiswoode, London pounds. | 15/03 2017 13:39 1 baifran pound Positive: 50 % Federation,,. Interesting assets of the Central Bank that was surrendered, but it was generally reported that Biafra preparing. 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