| Biafran pound | |
|---|---|
| [[File:|140px|252px]]
£1 banknote 1968
|
|
| Denominations | |
| Subunit | |
| 1/20 | shilling |
| 1/240 | penny |
| Plural | |
| penny | pence |
| Symbol | £ |
| shilling | s |
| penny | d |
| Banknotes | 5/-, 10/-, £1, £5, £10 |
| Coins | 3d, 6d, 1/-, 2/6 |
| Demographics | |
| User(s) | Biafra |
| Issuance | |
| Central bank | Bank of Biafra |
The Biafran pound was the currency of the breakaway Republic of Biafra between 1968 and 1970.
The first notes denominated in 5 shillings and £1 were introduced on January 29, 1968. A series of coins was issued in 1969; 3 pence, 6 pence, 1 shilling and 2½ shilling coins were minted, all made of aluminium. In February 1969, a second family of notes was issued consisting of 5 shilling, 10 shilling, £1, £5 and £10 denominations. Despite not being recognised as currency by the rest of the world when they were issued, the banknotes were afterwards sold as curios (typically at 2/6 (=.0125 GBP) for 1 pound notes in London philately/notaphily shops) and are now traded among banknote collectors at well above their original nominal value.
The most common note is the 1968 1 pound, with the 10 pound and all coins being rare.