Italian governor concerned over Russian asset seizure, officials say
Panetta says renminbi has overtaken euro as international currency since Russia invaded Ukraine
Italy’s central bank governor has issued what officials said was a warning that the European Union should not transfer frozen Russian state assets to Ukraine.
Bank of Italy governor Fabio Panetta gave a speech on January 26 on whether the euro could become an international reserve currency. He said a global currency’s issuer “can use its financial power to influence international developments”, but warned “this power must be used wisely”.
Panetta said that international relations were part of a
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