
The debunked video, which already has some 300 shares, traffics on conspiracy theories to claim without any basis that Marcos wanted to alleviate the Philippine economy by issuing gold-backed currency, but was thwarted by global financial institutions.

Claim: The late dictator Ferdinand Marcos issued a letter of instruction to print gold-backed currency to alleviate the Philippine economy
Rating: FALSE
Facebook page “Rodante Marcoleta Supporters Live” recycled on Aug. 26 a debunked video falsely claiming as “real” a supposed “grand plan” by the late dictator Ferdinand Marcos to print gold-back currency.
The debunked video, which already has some 300 shares, traffics on conspiracy theories to claim without any basis that Marcos wanted to alleviate the Philippine economy by issuing gold-backed currency, but was thwarted by global financial institutions. It points to a “Letter of Instruction” (LOI) dated July 15, 1983 for the printing of “Ang Bagong Lipunan Peso Bills or Currency.”
The LOI does not exist, however, based on our scan of the Official Gazette.
The same fantastic claim was flagged as false by Rappler fact-checkers last year after the video was uploaded by the “Filipino Future” Facebook page.
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