USA moves to checkmate Dollar stockpile in Africa.
- 6 Nov, 2022
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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.
Many did fear that the redesigning of the Nigeria naira would not profit us as an alternative of converting to dollars avails but with this smart move of America, the corrupt politicians and those with ill gotten wealth are stuck between the deep ocean and the hardest rock.
Hopefully, this will be the much awaited solution to curtailing corruption in the country.