The document discusses the Central Bank of Nigeria's decision to issue a new 100 Naira banknote to commemorate Nigeria's 100 years of unification. Central banks normally issue new banknotes to replace notes that have lost counterfeit resilience or to commemorate important events. The new 100 Naira note was designed with advanced security features like micro-optics and a QR code, making it the first smart paper banknote connected to smartphones. It aims to balance security, durability for the tropics, attractiveness, heritage, and being the first paper note with digital capabilities. Images and descriptions of the front and back of the new commemorative banknote are also provided.

1. GODWIN I. EMEFIELE
GOVERNOR
November 2014 CENTRAL BANK OF NIGERIA

2. Why Issue a New Banknote?
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 Central banks issue new banknotes for two main
reasons:
 Normally, to replace notes that have lost their
counterfeit resilience; and
 Occasionally, to commemorate epochal
events.
 The new N100 banknote is being issued to
commemorate our 100 years as a single united
nation.

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Examples of Commemorative Banknotes
 Morocco—to celebrate 25 years of the country’s
banknote production company.
 Russia—to mark 100 days before 2014 Olympics.
 Costa Rica—to celebrate 100 years of
independence.
 Belize—to celebrate 30th independence.
 Kuwait—to celebrate 10th anniversary of the
liberation of Kuwait.
 Nigeria—to mark 50th independence.

4. The new N100 Centenary Banknote
It is in this spirit that the Central Bank of Nigeria is
joining the nation in celebrating 100 years of our
amalgamation by issuing a new banknote.
I am very proud to inform you that this note is a first of
its kind in many respects. It has been designed and
produced with the most advanced security
technology in the world.
Security features and quality profile of the note
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5. Design of the new Banknote
The design is premised on the following:
 Security—resistance to counterfeiting
 Durability—tolerance to tropics
 Attractiveness—for use in Cash-driven economy
 Heritage— collective memory of Nigeria
 Transformation—First paper banknote with digital
features
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Security Features of Front Side
Windowed Micro-optics features
Spark Features—with the slave
 money in manila in a rolling bar
Retention of Chief Obafemi
Awolowo’s portrait—in intaglio
Raised embossed line for the visually
impaired

7. Security Features of back Side
 QR Code—Incorporated to make note digital and
store significant information that highlights our 100 year
journey.
 This feature makes the note the first smart-connected
paper banknote in the world using
smartphones as identity and security tool for de-encryption
of information.
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Front side of Commemorative Banknote

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Back side of Commemorative Banknote

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Back side of Commemorative Banknote