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Nigeria hopes new currency notes curb inflation, corruption

Nigeria's central bank governor, Godwin Emefile, left, presents the newly designed currency notes to Nigeria's President Muhammadu Buhari, right, during a launch in Abuja. [AP photo]

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

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

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