More
    HomeNewsUSA MOVES TO CHECKMATE DOLLAR STOCKPILE IN AFRICA

    USA MOVES TO CHECKMATE DOLLAR STOCKPILE IN AFRICA

    Published on

    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 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 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.

    Latest articles

    China General Chamber of Commerce in Nigeria Responds to Allegations of Discrimination at Chinese Supermarket

    The China General Chamber of Commerce in Nigeria has reacted to a viral video...

    BDC Operator Accused of Defrauding Indian Businessman of $737,000

    By Milcah Tanimu Abubakar Mannir, a Bureau de Change (BDC) operator operating under Emirates Booth...

    President Tinubu Launches African Counter-Terrorism Summit

    By Milcah Tanimu President Bola Ahmed Tinubu has inaugurated the African Counter-Terrorism Summit at the...

    Chelsea Optimistic as Lesley Ugochukwu Returns to Training Ahead of Arsenal Clash

    By Milcah Tanimu Chelsea fans have reason to be optimistic as Lesley Ugochukwu, the promising...

    More like this

    China General Chamber of Commerce in Nigeria Responds to Allegations of Discrimination at Chinese Supermarket

    The China General Chamber of Commerce in Nigeria has reacted to a viral video...

    BDC Operator Accused of Defrauding Indian Businessman of $737,000

    By Milcah Tanimu Abubakar Mannir, a Bureau de Change (BDC) operator operating under Emirates Booth...

    President Tinubu Launches African Counter-Terrorism Summit

    By Milcah Tanimu President Bola Ahmed Tinubu has inaugurated the African Counter-Terrorism Summit at the...