Nigerian two-hundred-naira note

Two Hundred Naira
(Nigeria)
Value₦200 naira
Width151 mm
Height78 mm
Security featuresSecurity thread, watermark, color shifting ink, embossed portrait, embossed lettering, embossed denominational numerals
Years of printing1st November, 2000 – present
Obverse
DesignAhmadu Bello
Reverse
Designpyramid 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

References

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