#ThrowbackThursday: See photos of old naira notes

It’s another #ThrowbackThursday and we want to remember some of the old bank notes, now that new naira notes have been unveiled by President Buhari.

Before now, our forefathers had traded by barter before they graduated to the use of cowries. With colonisation and modernisation, came the use of ‘paper’ as means of exchange.

Before the notes passed from one person to another, got entangled in traffic, or were squeezed into the market woman’s pouch or brassiere, the crispy feeling and smell of the new notes brewed excitement with what the money could buy.

For as low as 20 naira, one could buy biscuits, groundnut, sweets, sachet milk or bread in those days. That is incomparable to now. Even with 100 naira, one has to do a lot of calculations and still end up buying nothing tangible without change. This goes to show that the naira has depreciated in value. Check below if you can recognise these old naira notes: