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Tips On How To Detect Fake Naira: See These Security Features On Naira You Need To Know As A Nigerian

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Naira is the official currency of Nigeria, its current exchange rate is 380/$. Currently, it still has value to some extent in Nigeria. It has several denominations of N5, N10, N20, N50, N100, N200, N500 and N1000 which is the highest currency. The Naira was introduced in 1973 to replace the Nigerian Pound. The Naira is a currency of different denominations, with different colors.

Naira notes are embedded with some security features so that they are detected by anybody as the genuine notes. Some features are hidden while some are physical. Features like raised print which can be recognized by touch and visibility, the security thread and watermark, the portrait, the lettering, the numerals which are embossed on observe and reverse on the notes etc.

It is common for you to see fake currency in Nigeria, and see somebody raising the Naira up to check for originality of the Naira. People who know how to check originality of the Naira will look at the security thread, which will look broken physically but not when held up against light and see CBN printed on both sides of the notes.

One of the unique features of the Naira is that you can’t photocopy the Naira, as it is protected from photocopying. Under an ultraviolet light, the serial number on a Naira note is green but black to the physical eyes.
Also, the lower denominations of the Naira which are N5, N10, N20, and N50 are made of polymer substrate and having a dimension of 130*72 mm size, while the higher denomination from N100, N200, N500 and N1000, are made of paper substrate and 151*78 mm in size.

One of the features of Naira that has caused controversies among Nigerians is the Arabic inscription on the Naira. The Arabic inscriptions are the Arabic transliteration of the denomination. Apart from the transliteration, there are also the denomination transliteration of 3 major Nigeria languages which are the Yoruba, Hausa and Igbo.

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