×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

Nigeria hopes new currency notes curb inflation

In this photo released by the Nigeria State House, 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, Nigeria, Tuesday, Nov. 22, 2022. [AP]

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.

The newly designed denominations of 200, (Sh55) 500 (Sh137) and 1,000 naira (Sh275) also would drive financial inclusion and economic growth, said Godwin Emefiele, governor of the Central Bank of Nigeria.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in