The bankers dismissed the possibility that the euro can displace the green ticket as the main actor within the global financial system.
The central banks They have no prospects that dollar It is threatened as the reference currency in the short term, although the current quota in the International reserves It is the lowest of the last decades, as explained on Tuesday the central bankers gathered in an annual conference in the Portuguese town of Sintra.
The comments of the hierarchs came in a context where the unpredictable economic and commercial policies of the president of USA, Donald Trumpsome doubts were sowed about whether the American currency, which represents 58% of world reserves, can follow in the center of the global monetary system.
For its part, the president of the European Central Bank (ECB), Christine Lagardewho understands that the euro could become an alternative to the green ticket if the European monetary zone carries out some reforms, he said that 2025 could be considered as a “fundamental” year in this regard, Reuters reported.
DIVERSE OF CURRENCY EUROPHONE
Photo: Reuters
“For there to be an important change, a lot of time and a lot of effort will be needed,” he said in a panel along with his American, British, Japanese and Korean peers, and said that “investors are looking for options” in a climate characterized by uncertainty and unpredictability, and that there is evidence that the community currency is benefiting from it.
Christine Lagarde believes that “something broke” with the dollar
“It will not happen that time. It never happened historically,” he added. “But it is clear that something broke. If it can be fixed or if it will remain spoiled, I think the jury is deliberating,” the hierarch slipped.
On the other hand, the governor of the Bank of Japan, Kazuo UedaHe explained that any significant change would depend on structural reforms. It depends to a certain extent on what areas such as Europe or China do to improve the efficiency or convenience of their coins, “he said, citing as an example the integration efforts of the capital market in the euro zone.
The governor of Bank of England, Andrew BaileyHe said that any change in the dollar situation was far: “I don’t see an important change at the moment,” he said.
Source: Ambito
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