Life without a dollar -

Life without a dollar

The head of the British central bank proposed to abandon the dollar.

Life without a dollar

The head of the Central Bank of England, Mark Carney, proposed replacing the dollar with a new reserve currency. According to him, the world has become too much dependent on the US economy.
Carney noted that the role of emerging markets is growing, and the use of the American currency carries a risk. He invited central banks to come together and create a “global digital alternative” to the dollar. The new currency will balance the system in which some countries have switched to a zero or negative interest rate.

Russia and China have already taken the first step towards dedollarization. Russian Finance Minister Anton Siluanov and Chairman of the People’s Bank of China And Gan signed an agreement to refuse to make payments in dollars. All mutual payments will be made in rubles and RMB.

Source: Russian newspaper

24.08.2019 09:29:20
(Automatic translation)

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