Design:
The N500 note represents one of the new generation of currency
notes in the Nigerian currency system. Machine engraved patterns of various
characters appear on the design. These patterns provide the tactile quality so
essential to the security of the banknote. Bold colours have been used on the
back-ground tint to link securely with the engraving and help give a distinctive
identification to the design.
On the front of the note is a portrait of
Dr.
Nnamdi Azikiwe - first President of the Federal Republic of Nigeria. At the
back of the note is the picture of an off-shore oil-rig.
International Monetary Fund:The International Monetary Fund was established in 1945 to promote the health of the world economy with 29 countries sigining the Articles of Agreement. Nigeria joined the IMF in 1961,which now has 184 members with its headquarters in Washington D.C., USA.