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Al Jazeera
Al Jazeera
Business

Nigeria launches new banknotes to help curb corruption

This is the first time Nigeria’s currency has been redesigned in 19 years [Afolabi Sotunde/Reuters]

Nigeria has launched newly designed currency notes, a move that the West African nation’s central bank says will help curb inflation and money laundering.

Experts, however, are sceptical about such results in a country that has battled chronic corruption for decades, with government officials known to loot public funds causing more hardship for the many struggling with poverty.

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