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Currency Gallery
Notes:Coins
Withdrawn:
Earlier | 1959 | 1965 | 1968 | 1973 | 1977 | 1979 | 1984 | 1991 | 2007
N50 Note
Dimensions
130mm x 78mm
Date Released
28th February, 2007
Design
The N50 note was introduced in 1991
and redesigned in 2007. Ornamental patterns, geometric motifs
adapted from Nigerian traditional art form were intricately combined and colors
were chosen to ensure beauty, distinctiveness and clear identification.
The back side image depicts a big catch by local fishermen.
Past Issues of this note
| With drawn in 2007 |  |
|
The main feature on the front are the hand engraved portraits of four Nigerians, three men and a woman, superimposed on the Nigerian map. The main feature on the back is a hand engraved vignette that depicts farming in its two aspects of cultivating and harvesting. The right top corner value is on two cowries shells. Cowrie shells were once a medium of exchange in the country. |
| Facts : 1/1/1900 |
|---|
| Agric Credit Guarantee Scheme:The Agricultural Credit Guarantee Scheme (ACGS) was established in 1977, under the management of the Central Bank of Nigeria. The scheme was designed to encourage banks to increase lending to the agricultural sector by providing guarantee against inherent risks. |
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