Nigerian two-hundred-naira note explained

Denomination:Two Hundred Naira
Country:Nigeria
Value:₦200
Unit:naira
Width Mm:151
Height Mm:78
Security Features:Security thread, watermark, color shifting ink, embossed portrait, embossed lettering, embossed denominational numerals
Years Of Printing:1st November, 2000  - present
Obverse Design:Ahmadu Bello
Reverse Design:pyramid of agricultural commodity, livestock farming, the National Coat of Arms, yellow trumpet flowers, and the denomination

The Nigerian two hundred-naira bill (₦200) is a denomination of Nigerian currency. The first Nigerian note with this value was issued in November 2000.[1]

Sardauna of Sokoto Ahmadu Bello has been featured on the obverse of the bill since 2000. On the reverse of the banknote is a pyramid of agricultural commodity, livestock farming, the National Coat of Arms, yellow trumpet flowers, and the denomination.[2] The bills are also commonly referred to as 20 faiba, indicating that it is ₦10 in 20 places.[3]

Redesign

On the 23rd of October 2022, the governor of the Central Bank of Nigeria, Godwin Emefiele announced that the ₦200, ₦500, and ₦1000 notes would be redesigned to reduce counterfeiting and corruption.[4] The new notes were unveiled on the 23rd of November 2022.[5] No changes were made on the existing features, only the overall colour of the note was changed.[6] President Muhammad Buhari said that the old 200 notes can be used till 10 April 2023

Notes and References

  1. Web site: Welcome to the New Central Bank of Nigeria Website. . 2022-12-13 . www.cbn.gov.ng.
  2. Web site: Central Bank of Nigeria:: History of The Currency . 2022-12-13 . www.cbn.gov.ng.
  3. News: Adeniji . Gbenga . Amusing names Nigerians give naira notes . 24 February 2019 . Punch . 25 February 2018.
  4. News: Erezi . Dennis . CBN redesigns 200, 500, 1,000 naira notes . 13 December 2022 . The Guardian . 26 October 2022.
  5. News: Adegboyega . Ayodeji . PHOTOS: Buhari unveils Nigeria’s new naira notes . 13 December 2022 . Premium Times . 23 November 2022.
  6. News: Anonymous . PHOTOS: How New Naira Notes Look . 13 December 2022 . Daily Trust . 23 November 2022.