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DEBUNKER Edition 26. – Project FactCheck Nigeria

Multiple online reports have claimed that by January 31, 2023, the US dollar notes below 2021 will no longer be accepted as legal tender. 

The restriction implies that any US Dollar note below the 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,” the post reads.

The claim is coming over a week after the Central Bank of Nigeria (CBN) redesigned some new naira notes including N200, N500, and N1,000 notes, which will be effective from mid-December 2022.

 

This claim is false, Here is what we know. 

No evidence shows the US is issuing new dollar notes, WABMA Debunker Team checked the official website of the US department of the treasury, and the national finance and treasury office of the federal government, and found no such announcement. 

 

The US federal reserve board currently issues seven denomination of dollar notes, which includes $1, $2, $5, $10, $20, $50, and $100 notes. 

 

According to information available on the website of the US Currency Education Programme, the current design of the $100 note, issued on October 8, 2013, is the latest denomination to be redesigned.

Conclusion: 

The claim that the US has redesigned dollar notes and will reject all old notes from January 2023 is false.

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