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How To Identify The Redesigned ₦‎200, ₦‎500, ₦‎1000 Naira Notes

The Central Bank of Nigeria, CBN, has revealed the public security features of the newly redesigned  N200, N500, and N1,000 banknotes.

President Muhammadu Buhari had on November 23, 2022, unveiled the new naira banknotes in Abuja.

The apex bank on Friday released the security features to be able to identify the new Naira banknotes.

The public security features of the new ₦200, 500, and ₦1,000 banknotes as released by CBN can be seen in the explanatory photos below:

Speaking at the launch of the new banknotes, which preceded the Federal Executive Council (FEC) meeting, the President explained in detail the basis for his approval to the Central Bank of Nigeria (CBN) to redesign the  ₦‎200, ₦‎500 and ₦‎1000 banknotes.

In a statement by his Special Adviser on Media & Publicity, Femi Adesina, the President said, ‘‘the new Naira banknotes have been fortified with security features that make them difficult to counterfeit.’’

He also added that the new banknotes would help the Central Bank design and implement better monetary policy objectives as well as enrich the collective memory of Nigeria’s heritage.

President Buhari commended the CBN Governor, Godwin Emefiele and his Deputies for the initiative, while also thanking the Managing Director, Executive Directors and Staff of the Nigerian Security Printing and Minting PLC “for working tirelessly with the apex bank to make the currency redesign a reality, and for printing the new Naira notes within a comparatively short time.”

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Damilare Bankole

Managing Editor, Lagos Post Online. Damilare is a disciplined tech enthusiast and media entrepreneur with interest and unparalleled passion for model Web and app design technology. He is a firm believer in the meaningful role research and innovation can play in addressing economic issues across industries and sectors. He's passionate about online Journalism. Damilare is also a Photographer. M: +2348025837037 E: lagospostng@gmail.com

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