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Quartz
Nigeria’s surprise move against inflation: redesigning its currency notes
Last week, the Central Bank of Nigeria announced an unorthodox inflation-fighting measure: a redesign of its 100-, 200-, 500-, and 1,000-naira currency notes. Forcing people to exchange old notes for new ones, the bank believes, will mop up the huge volumes of currency stashed in private safes, outside the banking system.
