• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
    • Government
  • Security
  • Features
  • State
  • Event
    • PR Nigeria Award
  • E-Paper
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
    • Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

      FG Reaffirms Non-Interference in ICPC, EFCC Operations

      ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

      Engr Abba Babagana Dalori

      Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

      Chinese nationals jailed in Lagos

      Court Jails Nine Chinese Nationals for Cybercrime in Lagos

      ASUU

      Tackle Corruption, Institutional Decay – ASUU Charges FG

  • Fact-Check
  • Economy
    • Customs Begins Live Operations of Automated Excise Register System

      Still on the “National Single Window” Project By Abdulsalam Mahmud

      Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

      Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

      Customs Gets 4 New Deputy Comptrollers-General, 12 ACGs, Promotes 3,312 Officers

      DG NITDA Inuwa Kashifu at the GITEX Nigeria

      Sanwo-Olu, Tijani, Kashifu Urge Digital Innovation as GITEX Nigeria Opens

  • National
    • Officers of NSCDC Mining Marshals

      Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

      Building Resilience: Crisis Communication in Modern Organizations By Princewell N. Achor

      IGP Egbetokun Appoints CSP Hundeyin as New Force PRO

      FG, Experts Urge Information Commissioners to Partner with ICPC on Grassroots…

      Blasphemy Debora and Suspect

      Amaye and the Tragedy of Jungle Justice By Umar Farouk Bala

    • Government
      • Officers of NSCDC Mining Marshals

        Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

        FG, Experts Urge Information Commissioners to Partner with ICPC on Grassroots…

        ASUU-STRIKE

        Strikes in Nigeria and the Collapse of Public Service By Tahir…

        President Bola Ahmed Tinubu

        Tinubu Orders Mandatory Health Insurance Implementation Across MDAs

        Minister of Finance Wale Edun and the Comptroller General of Customs Bashir Adeniyi decorating OP Olaniyan

        Customs Generates N3.7trn in H1 2025 as FG Targets Enhanced Private…

  • Security
    • The Director of Defence Media Operations, Major-General Markus Kangye,

      Military Explains Why Retirees Can’t Benefit from New Minimum Wage Chart

      Troops of Operation Hadin Kai after successfully foiling an ambush by Boko Haram/ISWAP Terrorists

      Troops Foil Ambush in Borno, Kill 13 Terrorists, Recover Weapons

      Blasphemy Debora and Suspect

      Amaye and the Tragedy of Jungle Justice By Umar Farouk Bala

      NAF Airstrike fighter jets

      NAF Airstrikes Kill Over 15 Terrorists in Sambisa Forest 

      CDS, General Christopher Musa

      Foundations to Hold Free Medical Outreach in Honour of CDS Musa…

  • Features
    • Officers of NSCDC Mining Marshals

      Nigeria’s War on Illegal Mining Needs the Media on the Frontlines…

      Building Resilience: Crisis Communication in Modern Organizations By Princewell N. Achor

      Still on the “National Single Window” Project By Abdulsalam Mahmud

      Blasphemy Debora and Suspect

      Amaye and the Tragedy of Jungle Justice By Umar Farouk Bala

      ASUU-STRIKE

      Strikes in Nigeria and the Collapse of Public Service By Tahir…

  • State
    • Troops of Operation Hadin Kai after successfully foiling an ambush by Boko Haram/ISWAP Terrorists

      Troops Foil Ambush in Borno, Kill 13 Terrorists, Recover Weapons

      IG Deploys FPRO Adejobi to Delta State Command

      Military Troops during operations

      Security Forces Destroy IPOB/ESN Camp in Anambra Intelligence-led Operation

      court Judiciary

      DSS Arraigns 9 Suspects over Benue, Plateau Killings

      Military Troops during operations

      Troops Eliminate Bandits, Recover Rustled Cattle in Kaduna

  • Event
    • Vice President Kashim Shettima and President Bola Ahmed Tinubu

      Shettima at 59: Tinubu Hails VP’s Loyalty, Commitment to Service

      Erasmus Ikhide damaged Vehicle and Dangote Cement Truck

      Erasmus Ikhide Narrowly Escapes Death in Collision with Dangote Truck

      Supporters of Senator Shehu Buba

      PHOTOS: Bauchi Constituents Rally APC to Draft Senator Buba for 2027…

      The authors and their books

      PHOTOS: NIPR Hails Latest PRNigeria Books at Economic Confidential Lecture

      Alh. Yushau Shuaib, Brig Gen. (rtd) Chris Olukolade and Mallam Kashifu Inuwa

      NITDA, IMPR Spotlight AI as Driver of Nigeria’s Digital Future at…

    • PR Nigeria Award
  • E-Paper
Home Fact-Check Fact-Check: Did US Restrict Acceptance of US Dollars Below 2021?
  • Fact-Check

Fact-Check: Did US Restrict Acceptance of US Dollars Below 2021?

By
Prnigeria
-
November 6, 2022
Reports claim that the US Government has moved to check dollar stockpile in Africa

Fact-Check: Did US Restrict Acceptance of US Dollars Below 2021?

Claim: Days after Federal government of Nigeria announced the redesigning of Naira notes, a 227-word report attributed to Reuters waz widely circulated on social media claiming that the USA moved to checkmate dollar stockpile in Africa. It further stated that the American government ‘restricted Acceptance of US Dollars below 2021.’

On October 26, CBN Governor, Godwin Emefiele said the apex bank will issue redesigned N200, N500, and N1,000 notes, effective December 15, 2022, while the new and existing currencies will remain legal tender and circulate together until January.

Full-Text: Dubbed “Reuters Report,” the text which was massively forwarded to Whatsapp groups and contacts and equally shared by some social media influencers reads: “Sequel to the just concluded extraordinary meeting held in Washington DC on Nov. 2nd 2022 between the United States Federal Reserve Bank, Office of the Comptroller of Currency, IMF, World-Bank and Governors of Africa’s Central Banks, the United States Govt has set date for restriction on an acceptable legal tender note of US Dollar which will commence on Jan. 31st 2023.

“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… This effort is to curb billions of illegal monies in dollar bills warehoused around the African continent emanating from drug-related, terrorism, kidnapping and money from corrupt politicians.

“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 US president has also written to British Government and European Union to tow same line and redesign their currencies accordingly to frustrate those with ill-gotten money in US dollar, British Pound Sterling and Euros.

“Should this action be implemented come January 2023 as reported, Nigerian corrupt politicians will be worse hit.”

Read Also:

  • Nigeria’s War on Illegal Mining Needs the Media on the Frontlines By Zekeri Idakwo Laruba
  • Building Resilience: Crisis Communication in Modern Organizations By Princewell N. Achor
  • IGP Egbetokun Appoints CSP Hundeyin as New Force PRO

Verification: PRNigeria conducted a keyword search and results from the Heritage Times, Nairaland Forum, and the News Nigeria published that the USA will checkmate dollar stockpile in Africa.

However, PRNigeria observed that the source of the report was attributed to Reuters – one of the largest news agencies in the world established in London since 1851 by the German-born Paul Reuter. This fact-check, therefore, investigated the Reuters news website using associated key terms.

The only closely associated reports from the result is a July 2021 news items with the headline;  Dollar rises as U.S. data shows inflation running hot. 

Further information via USA.gov the official web portal of the United States federal government designed to improve the public’s interaction with the United States government by quickly directing website visitors to the services or information they are seeking the United States Currency section published that the country’s paper currency come in seven denominations which include: $1, $2, $5, $10, $20, $50, and $100.

It further stated that the United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills.

However, they remain legal tender and may still be in circulation. “All U.S. currency issued since 1861 is valid and redeemable at its full face value.”

It also said that paper currencies that are extremely damaged are redeemable and a special program for redeeming bent or partial coins has been introduced.

A similar investigation on the official website of the Federal Reserve, the central bank of the United States revealed no such information. 

Conclusion: Findings by PRNigeria reveal that neither Reuters no other credible media reported such news on the alleged US Restriction of Acceptance of US Dollars Below 2021

Similarly, the official web portal of the United States federal government and the Federal Reserve – the central bank of the United States did not make any announcement or publication about the claim. 

Therefore, reports that the USA is moving to checkmate dollar stockpile in Africa and restrict acceptance of US Dollars below 2021 are FALSE. 

By PRNigeria

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • Africa
  • American Government
  • Dollar Stockpile
  • US dollars
Previous articleJUST IN: NDLEA Denies Requesting to Buy Sniffer Dogs in 2023 Budget
Next articleNDLEA Arrests Two Pakistani Businessmen, Blind Nigerien, Son for Cocaine, Skunk Trafficking
Prnigeria
Prnigeria

RELATED ARTICLESMORE FROM AUTHOR

FACT-CHECK: Did Kwara Police Nab King of Alabe, Queen and Babanla Monarch With over ₦120m Banditry Loot?

Billions on the Table: Africa’s Top Leaders to Convene in Angola to Close Infrastructure Gap 

Saudi Arms Ship

PRNigeria Fact-Check: No Evidence Italian Dockworkers Blocked Saudi Arms Ship Allegedly Bound for Israel

Saudi Arms Ship

FACT-CHECK: Did Italian Dockworkers Block Passage of Saudi Ship Carrying Arms for ‘Israel’?

AI-generated disinformation looms ahead of Nigeria’s 2027 elections

PRNigeria Fact Check: Does Delayed Baby Umbilical Cord Clamping Have Health Benefits? 

FACT-CHECK: Did a N10bn Lafia Flyover Collapse Three Weeks After Commissioning in Nasarawa?

REVEALED: The AES shadow game fueling anti-ECOWAS, anti-Western disinformation across West Africa 

‎FACT-CHECK: Was Obi Ever Pictured Having Coffee with Gen Sani Abacha at the Presidential Villa?

FACT-CHECK: Was Sheikh Emami al-Hadi Arrested in Iran for Being a Mossad Spy?

Fact-Check: Did Bandits Die Mysteriously in Nupe Community After Kidnapping Spree?

Man caught trying to hack into FCMB

‎FACT-CHECK: Was a Man Trapped in Ceiling after Trying to Hack FCMB Bank?

Recent Posts

  • Nigeria’s War on Illegal Mining Needs the Media on the Frontlines By Zekeri Idakwo Laruba
  • Building Resilience: Crisis Communication in Modern Organizations By Princewell N. Achor
  • IGP Egbetokun Appoints CSP Hundeyin as New Force PRO
  • Military Explains Why Retirees Can’t Benefit from New Minimum Wage Chart
  • Customs Begins Live Operations of Automated Excise Register System
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Nigeria’s War on Illegal Mining Needs the Media on the Frontlines By Zekeri Idakwo LarubaBuilding Resilience: Crisis Communication in Modern Organizations By Princewell N. AchorIGP Egbetokun Appoints CSP Hundeyin as New Force PROMilitary Explains Why Retirees Can’t Benefit from New Minimum Wage ChartCustoms Begins Live Operations of Automated Excise Register SystemFG, Experts Urge Information Commissioners to Partner with ICPC on Grassroots Anti-Corruption DriveStill on the "National Single Window" Project By Abdulsalam MahmudTroops Foil Ambush in Borno, Kill 13 Terrorists, Recover WeaponsAmaye and the Tragedy of Jungle Justice By Umar Farouk BalaMinister: Tinubu’s Reforms Driven by National Interest, Not PartisanshipStrikes in Nigeria and the Collapse of Public Service By Tahir AhmadNAF Airstrikes Kill Over 15 Terrorists in Sambisa Forest Foundations to Hold Free Medical Outreach in Honour of CDS Musa in KadunaIG Deploys FPRO Adejobi to Delta State CommandTinubu Orders Mandatory Health Insurance Implementation Across MDAs
X whatsapp