Carney: digital currency could help fix global monetary system

Mark Carney
Mark Carney
Photo: Juno Snowdon Photography

A form of global digital currency could be the answer to the destabilising dominance of the US dollar in today’s global monetary system, Mark Carney said in remarks at the Jackson Hole symposium.

The Bank of England governor called on policy-makers to tackle the “malign neglect” of the international monetary and financial system in the speech, delivered on August 23 at the central bankers’ gathering in Wyoming.

A digital currency backed by a basket of currencies could help move the world

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