Design:
The N200 note together with the
N100,
N500 and
N1000 notes represent the new generation
of currency notes in the Nigerian currency system. As with the N100, the most
recent development in security printing technology on paper and ink were incorporated
in the denomination.
The main feature in the front is the picture of
Alhaji
Sir Ahmadu Bello, - the Sarduana of Sokoto and the first Premier of Northern
Nigeria.
The back of the note depicts a pyramid of agricultural commodity and livestock
farming.
National Clearing System Re-Visited:In January 1995, a revised clearing rule became operational to facilitate effective clearing of financial instruments and shorten the period of clearing.
Consequently, inter-state cheque clearing time was reduced from 21 days to 15 days, while intra-state clearing has been reduced from 12 days to 9 days.