The Central Bank of
Nigeria (CBN) has disclosed the position of security features on the new series
of N200, N500 and N1,000 notes.
The apex bank made this known in a document released on
Wednesday.
On December 15, commercial banks began dispensing the redesigned naira
notes to customers across the country.
The CBN, in a statement on its website, said the new notes were protected by a number of security features to facilitate easy recognition of genuine ones in case of counterfeiting.
It said the distinguishing features, which can be recognised
by touch and visibility, are the raised print, the security thread, and the
watermark.
According to the CBN, other areas such as the portrait,
lettering and the denominational numerals on the obverse and reverse of the
notes are embossed.
The apex bank explained that raised prints provide the
tactility, while the security thread, which ordinarily looks broken but is not
when held up against light, has “CBN” in small lettering printed on both sides
of the notes.
The CBN said the naira notes are protected against
photocopying as they contain features which are visible under ultraviolet
light: for example, the serial number on each note is black but turns green
under ultraviolet light.
Godwin Emefiele, CBN governor, had said the redesigned naira
notes cannot be counterfeited due
to its security features.
“Let me tell you this, these notes cannot be counterfeited
because of the security features in them; nobody can counterfeit them,” Emefiele
had said after President Muhammadu Buhari unveiled the notes.
“What you could only find will be people making photocopies
of these notes. If you follow due process to check the authenticity of a
currency and take them through the UV (ultraviolet) light, you will find that
this currency cannot be counterfeited. The best you will find is photocopies.
“What I am trying to
say is that to reduce that incidence of counterfeiting or photocopying, that is
why we are saying that the CBN must now, without waiting every five to eight
years, redesign and reissue these notes.
“So that those who think they can take advantage of the
system by counterfeiting will know that the game is over for them.”
The security features on the redesigned notes are labelled below:
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