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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The British central bank calls for an end to the world's dependence on the dollar

    Rocky
    Rocky
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    The British central bank calls for an end to the world's dependence on the dollar Empty The British central bank calls for an end to the world's dependence on the dollar

    Post by Rocky Sat 24 Aug 2019, 1:42 am


    The British central bank calls for an end to the world's dependence on the dollar

    09:11 - 24/08/2019



    The British central bank calls for an end to the world's dependence on the dollar %D8%AF%D9%88%D9%84%D8%A7%D8%B1444-696x435
    Information / follow - up .. 
    called on the British Central Bank Governor Mark Carney, Saturday, to get rid of the dependence on the dollar and unify the central bank 's efforts to find an alternative reserve currency. 
    Carney told a conference of central bankers in Wyoming that the dollar's dominance in the global financial system was raising the risk of what he called a "liquidity trap," a very low interest rate and weak economic growth. 
    “With the reorganization of the global economy, the importance of the US dollar remains as it was in the period when the Bretton Woods system collapsed” (ie, the decoupling between the dollar and the price of an ounce of gold in the 1970s). 
    Developing economies have increased their share of global financial activity to 60 percent, from 45 percent before the financial crisis 10 years ago, Carney said.
    The dollar is still used in about half of international trade, more than 5 times the US share of global exports, making many countries vulnerable to the volatility of the US economy. 
    Carney added that the problems in the global economy are related to activating protectionist and populist policies. 
    The governor of the Bank of England argued that the best solution would be to create a diversified multipolar financial system, which can be achieved with the help of contemporary technology. He suggested that it is possible to use cryptocurrencies for this purpose, which will reduce the impact of the dollar on global trade. Finished 25 T.



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