Nigeria hopes new banknotes will curb inflation and corruption | PA

Nigeria hopes new banknotes will curb inflation and corruption |  PA

ABUJA, Nigeria (AP) — Nigeria launched newly designed currency notes Wednesday, a move the West African nation’s central bank says will help curb inflation and money laundering.

The newly designed denominations of 200 (5 cents), 500 ($1.10) and 1,000 naira ($2.20) would also boost financial inclusion and economic growth, said Godwin Emefiele, Governor of the Central Bank of Nigeria.

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