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Nigeria to Redesign Its Currency


Nigeria to Redesign Its Currency
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0:00 0:03:36 0:00

Nigeria's plan to replace its naira currency with new designs to reduce excess cash and to fight counterfeiting, inflation and crime has led to a rush on U.S. dollars. Analysts say the timing — just ahead of February's election and as the economy struggles — could undermine confidence in Africa's largest economy. Timothy Obiezu reports from Abuja, Nigeria.

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