Mexican deputy supports more currencies in global system
Calafell says system with more international currencies would be stronger than current system
An international monetary system with more international currencies would be stronger than the present system, a deputy governor from the Bank of Mexico has said.
Speaking in Washington, DC, on October 6, Javier Guzmán Calafell said a higher number of international currencies would offer more possibilities to diversify overall portfolio risk: "A multicurrency reserve system, once established, will probably reduce the risk of a persistent overvaluation of assets, including exchange rates."
Howeve
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