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At A Time Nigeria Decided To Redesign Naira Notes, USA Moves To Checkmate Dollar Stashed In Africa

USA moves to checkmate dollar stockpile in Africa

Prior to the just concluded extraordinary meeting held in Washington DC on Nov. 2nd 2022, USA moves to checkmate dollar stockpile in Africa. The meeting was 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 Government has set Jan 31st 2023, as the commencement date for restriction on acceptable legal tender note of US Dollar.

The restriction means that any US Dollar note below 2021 printed date will no longer be accepted anywhere in the world. This effort is to curb billions of illegal monies in dollar bills stocked around African continent emanating from drug related, terrorism, kidnapping and money from corrupt politicians.

checkmate dollar

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 enact same policies. He urge them to redesign their currencies accordingly to frustrate those with ill-gotten money in US dollar, British Pound Sterling and Euros.

However, this is coming at a time when the Central Bank of Nigeria decided to redesign some naira notes.

Central Bank of Nigeria Governor, Godwin Emefiele, pronounced that the bank would release re-designed Naira notes by December 15, 2022.

He stated that existing naira notes would seize to be recognise and accepted as legal tender by January 31, 2023.

The CBN Governor, however, stated how worrisome it is, that 85 per cent of the currency in circulation is being hoarded by Nigerians.

Emefiele added that the redesigning of Naira notes would help to curb counterfeit notes, as well as hamper ramson payment to terrorists and kidnappers.

JUNGLETALKER learnt that should this actions be implemented as reported, many Nigerian corrupt politicians may be affected.


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