How you can identify fake new naira note
The Central Bank of Nigeria (CBN) yesterday highlighted security features in the redesigned naira notes to reaffirm the safety of the legal tender.
The security features included, at least, 23 features on the N1,000 note, 15 features on the N500 note and 10 features on the N200 note.
The security features on N500 notes included hand-engraved portrait, windowed metallic security thread with CBN inscription, CBN 500 watermark, portrait watermark, officially variable ink that changes from blue to green with change in angle of view, silver patch with embossed Coat of Arms, see through printing in register and raised intaglio print.
Also, the N200 has several security features including hand-engraved portrait, windowed metallic security thread with CBN inscription, CBN 200 watermark, portrait watermark, officially variable ink that changes from blue to green with change in angle of view, gold patch with embossed Coat of Arms, see through printing in register and raised intaglio print.
The first step to identifying a genuine banknote from the counterfeit is to check the texture. Findings showed that a soft texture and dull image are indicators of a fake naira. That means one should be sensitive to the touch of the banknote when carrying out a transaction.
There is also need to observe the gold foil on the right side, close to the CBN governor’s signature. One can also differentiate the genuine naira note from counterfeit by applying liquid to the note, and a fake currency can easily change colour.
Also, the ribbon-like thread on all Naira notes can also be observed and touched to confirm if the note is genuine or otherwise.
One can also raise a naira notes on a mercury bulb. This exercise enables the one to see many features of the local currency, not visible to the naked eyes, among others.
Meanwhile, Governor of the Central Bank of Nigeria (CBN, Mr Godwin Emefiele again failed to appear before the House of Representatives yesterday to brief them on the new cash withdrawal limit set by the apex bank.
The CBN governor who initially billed to appear before the House on Thursday, December 15, failed to show up, citing official engagement outside the country with the President as an excuse.