President Goodluck Johnathan has said the new digital N100 note was designed with enhanced security to offer robust resistance against counterfeiting.
He unveiled the new note with the Central Bank of Nigeria, CBN, at the weekly Federal Executive Council (FEC) meeting as the first digital N100 paper note, to commemorate Nigeria’s Centenary.
Godwin Emefiele, CBN Governor describes it as ”first of its kind” and reeled out series of activities lined up for the eventual issuance of the new note as from Friday, December 19, 2014
“We have produced a banknote which is the first of its kind, but most importantly it has been designed and produced with most advanced technologies in the world. This makes the note the first digital banknote in the world”, according to the CBN Governor.
The new currency will next Wednesday be sent out to banknote equipment manufacturers and other machine suppliers to enable them adapt to machines and authentication devices, he said.
On 26th November, there will be a publication of the new N100 bank note to be sent by the CBN to commercial banks, Chambers of Commerce, Nigeria Police, cash in transit companies, among others.
Furthermore, on 3rd December, leaflets on the new note are to be sent to 1,000 Point Of Sales (PoS) in the country, including a reminder about adapting machines and devices.
On Wednesday, December 17th, a film showing how to check the new N100 bank goes live on the YouTube channel of CBN.
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