Economy

How to detect counterfeit of new Naira notes (See details)

Published

2 months ago

December 21, 2022

The Central Bank of Nigeria (CBN) has released security features of the new N200, N500, and N1000 naira notes..

In a document released on Tuesday, December 20, 2022, the apex bank said the action is to protect Nigerians from falling victim to counterfeiters.

It explained that the security features are available in the N200, N500, and N1,000.

Barely five days after their release, the new naira notes are allegedly being counterfeited by some individuals in Nigeria.

The Central Bank of Nigeria had, at the unveiling of the new notes stated the new messages are loaded with security features that make them uneasy to counterfeit.

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, there 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.

See details below: