In London, proposed to abandon the dollar as a reserve currency
In the UK, they thought about replacing the dollar as a reserve currency. Moreover, such an idea was not expressed by some politician, but by the head of the Bank of England. This was reported by CNBC.
The head of the Bank of England, Mark Carney, said that it had come to choose an alternative new electronic currency instead of the US dollar, because the dependence of the world on it as a reserve currency was fraught with extreme risk. According to him, many countries are very dependent on fluctuations in the American economy, and US trade wars undermine confidence in the US currency.
- said Carney, speaking at the annual conference of the Federal Reserve in the United States.
Instead of the dollar, the British economist proposed using an electronic currency based on a global basket of goods. In his opinion, the new currency will balance the system. He reproached the United States for conducting trade wars around the world, which has a negative effect even on those countries. who do not participate in them.
Note that the ongoing trade war between the United States and China since last year has reached a new level. Countries in turn introduced new duties on a number of goods from their countries, while accusing each other of "unfair trade." According to economists, the continuation of the confrontation between Washington and Beijing could lead to a recession of the entire world economy, while it is argued that in the near future there will be no improvement in the situation.
The head of the Bank of England, Mark Carney, said that it had come to choose an alternative new electronic currency instead of the US dollar, because the dependence of the world on it as a reserve currency was fraught with extreme risk. According to him, many countries are very dependent on fluctuations in the American economy, and US trade wars undermine confidence in the US currency.
In a multipolar world, a multipolar currency is needed
- said Carney, speaking at the annual conference of the Federal Reserve in the United States.
Instead of the dollar, the British economist proposed using an electronic currency based on a global basket of goods. In his opinion, the new currency will balance the system. He reproached the United States for conducting trade wars around the world, which has a negative effect even on those countries. who do not participate in them.
Note that the ongoing trade war between the United States and China since last year has reached a new level. Countries in turn introduced new duties on a number of goods from their countries, while accusing each other of "unfair trade." According to economists, the continuation of the confrontation between Washington and Beijing could lead to a recession of the entire world economy, while it is argued that in the near future there will be no improvement in the situation.
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