Stamp: Banknote (Biafra 1968)
Banknote (Biafra 1968)
30 May (Biafra ) within release First Anniversary of Independence goes into circulation Stamp Banknote face value 5 Biafran shilling
| Stamp Banknote in catalogues | |
|---|---|
| Michel: | Mi:BIA 20 |
Stamp is square format.
Also in the issue First Anniversary of Independence:
- Stamp - Ammunition production face value 4;
- Stamp - Fallen Soldier face value 1;
- Stamp - Help for Refugees face value 2'6;
- Stamp - Banknote face value 5;
- Stamp - Orphan face value 10;
Stamp Banknote it reflects the thematic directions:
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities.
