CLAIM: A widely circulated report attributed to Reuters claims that the United States has moved to checkmate dollar stockpile in Africa and restrict acceptance of US Dollars below 2021.
VERDICT: False. Investigations reveal that neither Reuters nor other
credible media reported such news. The official websites of the United States
federal government and the Federal Reserve also did not make any announcements
or publications about the claim.
SOURCE: Prime 9ja Online Check conducted a keyword search and found no credible sources reporting on the alleged US restriction of acceptance of US Dollars below 2021. The official websites of Reuters, the United States federal government, and the Federal Reserve were investigated and revealed no information supporting the claim.
ANALYSIS:
A report claiming that the United States has initiated measures to checkmate dollar stockpiles in Africa and restrict acceptance of US Dollars below 2021 has been widely circulated on social media platforms. The report, attributed to Reuters, alleges that the US government has set a date for the restriction to commence on January 31, 2023.
Prime 9ja Online Check, a fact-checking organization, conducted a keyword search and found that the claim was circulating on platforms such as the Heritage Times and Nairaland Forum. However, upon investigation, Prime 9ja Online Check observed that the source of the report was attributed to Reuters, one of the largest news agencies in the world.
To verify the claim, Prime 9ja Online Check examined the Reuters news website using associated keywords but found no report closely related to the claim. The only closely associated report from the search results was a July 2021 news item with a different topic.
Furthermore, Prime 9ja Online Check visited the official web portal of the United States federal government, USA.gov, which provides information on various government services. The United States Currency section on the website states that the country's paper currency comes in seven denominations, ranging from $1 to $100. It also mentions that the United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills, but they remain legal tender and may still be in circulation. The website emphasizes that all US currency issued since 1861 is valid and redeemable at its full face value.