How to Use CBN Security to Identify Fake Naira Notes

To protect Nigerians from the activities of currency counterfeiters, the Central Bank of Nigeria (CBN) on Tuesday released the security measures added to the new naira notes.

Some of these measures include portrait watermark and intaglio-raised print, Investors King reports.

It should be recalled that the CBN governor, Godwin Emefiele explained that the redesigned naira notes cannot be counterfeited due to its “security features”. He said it is now “game over” for those involved in currency counterfeiting.

“Let me tell you this, these notes cannot be counterfeited because of the security features in them; nobody can counterfeit them. 

“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,” Emefiele said.

Investors King gathered that the security features on N500 notes include a hand-engraved portrait, windowed metallic security thread with CBN inscription, CBN 500 watermark, and a portrait watermark.

Similarly, security features on the N1000 notes include intaglio raised print, portrait watermark, officially variable ink that changes from blue to green with a change in angle of view, kinegram with the image of N1,000 and Coat of Arms, iridescent band, and a windowed metallic security thread.

Meanwhile, with the release of the security features on new naira notes, traders and the general public will be able to identify the original from a fake.

Already, the internet has been agog with the fake new naira notes. Below is an image of the security features.