Front and back view of the Biafran pound, 1968.


The Central Bank of Biafra carried out all central banking functions including the administration of foreign exchange and the management of the public debt of the Republic. The bank was administered by a governor and four directors; the first governor was Dr Sylvester U. Ugoh, a Harvard-trained Economist.

More news  Kwara Governor, Abdulrazaq Declares 24-hour Curfew

The bank was first located in Enugu, but due to the ongoing war, the bank was relocated several times. The currency of Biafra had been the Nigerian pound, until the Bank of Biafra started printing out its own notes, the Biafran pound. The new currency went public on January 28, 1968, and the Nigerian pound was not accepted as an exchange unit. #HistoryVille

More news  Kwara Governor, Abdulrazaq Declares 24-hour Curfew
More news  Kwara Governor, Abdulrazaq Declares 24-hour Curfew

Credits: Gre Omar

Online Shopping - Zuta.NG
Comment Rules Your comments must be more than 10 characters.
Multiple Comments are not allowed on this post.
You should never copy a user's comment. Affected members will be suspended for a week and earnings will be forfeited
Non thought provoking and useful comments such as awwwww, niceee, hehehehehe, hahahaha, congratulations to them etc not allowed.
You should never split one comment into multiple comments,eg A, B, C. He, Said, That.
Comment reply does not attract any earning! You can reply to comments as much as you like though.
Click here to read our Terms of Service


  1. Wawo! This nice , I believe that one day is Biafra must come to existence but anyway let’s continue managing one Nigeria.

Comments are closed.