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FACT CHECK: Reports Of US Plan To Reject Dollars Printed Before 2021 FALSE
FACT CHECK: Reports Of US Plan To Reject Dollars Printed Before 2021 FALSE
FACT CHECK: Reports Of US Plan To Reject Dollars Printed Before 2021 FALSE
There have been reports published on some news websites which was equally quoted by this medium that the United States has concluded plans to stop the acceptance of dollars printed before 2021.
The information containing the planned rejection was also shared among social media platforms such as WhatsApp, Facebook and other platforms.
This reports has however said to be untrue by some news medium .
According to Whistler and Thecable news , the story has be reported untrue.
TheWhistler reports,
THE CLAIMS:
The report had claimed that following the conclusion of an extraordinary meeting held in Washington DC on November 2nd 2022 between the United States Federal Reserve Bank, Office of the Comptroller of Currency, International Monetary Fund, World-Bank and Governors of Africa’s Central Banks, the United States Government has set date for restriction on acceptable legal tender note of US Dollar which will commence on January 31 2023.
It claimed further that the restriction implies that any US Dollar note below 2021 printed date will no longer be accepted or be a legal tender anywhere in the world.
Those pushing the narrative claimed that this effort is to curb billions of illegal monies in dollar bills warehoused around African continent emanating from drug related, terrorism, kidnapping and money from corrupt politicians.
It stated further that as part of the enforcement of the strict action plan, African Central Banks will be assigned with a special agent from the Office of the Comptroller of Currency, Administrator of National bank United States of America to checkmate all inflows and outflows of dollar transactions.
The report also has it that the US President, Joe Biden had also written to the British Government and European Union to follow same line and redesign their currencies accordingly to frustrate those with ill-gotten money in US dollar, British Pound Sterling and Euros.
It claimed that should this action be implemented from January 2023 as reported, Nigerian corrupt politicians will be worse hit.
Interestingly, the information is coming at a time when the Central Bank of Nigeria is implementing a currency redesigning project aimed at mopping up over N3.2trn cash that is outside the Nigerian banking system.
The CBN Governor, Mr Godwin Emefiele had late in October announced during an emergency meeting that it will redesign N200, N500 and N1,000 notes.
According to the lender, the new currencies will begin circulation December 15, 2022, while the existing notes will cease to be legal tenders by January 31, 2022.
The CBN had said N3.2trn currency are in circulation out of which 85 per cent is out of bank vault.
The fact of this story is still sketchy as at the time of filling this report.
Should an update on this, this medium shall update you.
Source:The Whistler
