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Posted On

20
December
2022

CBN releases security features of new naira notes as new fake notes emerge

Barely five days after their release, the new naira notes are allegedly being counterfeited by smart alecs in Nigeria. The Central Bank of Nigeria had, at the unveiling of the new notes stated the new messages are loaded with security features which make them uneasy to counterfeit.

To protect Nigerians from fraudsters and counterfeiters, the CBN released details of and positions of the security features of the new notes

Security features on N1,000 note

At the front of the most significant denomination in Nigeria, the CBN shows close to the CBN name a security feature of intaglio raised print, a portrait watermark, and optically variable ink in the form of a rectangular arrow pointing downwards.

At the front of the N1,000 notes is also a kinegram of the N1,000 note and the Nigerian Coat of Arms. At the back of the N1,000 note are an Iridescent band, windowed metallic security thread, a see-through printing register and a raised intaglio print

N500 security features

At the front of the new N500 note are hand-engraved portraits and windowed metallic security thread with CBN inscription. Others include optical variable ink, see-through printing in Register, and a raised intaglio print at the front.

Security features in N200 note

Almost the same features are replicated in the new N200 note, except for a gold patch with an embossed Coat of Arms. Recently, Nigerians spotted fake versions of the new naira notes prompting the apex bank to issue guidelines on the security features

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