In 2005, MASSOB re-introduced the old Biafran currency into circulation. This sparked a lot of excitement at the time especially as one Biafran pound was said to exchange for two hundred and seventy naira at the border communities of Togo and the Republic of Benin. In his reaction, the then President of Nigeria, Olusegun Obasanjo, likened the Biafran pounds to a collector's item and attributed its high exchange value to its relative rarity.
