On the sidelines of the Spring Conference of the International Monetary Fund and World Bank in Washington, Philippine Central Bank President Felipe Medalla called for the need to create a multi-currency world.
According to the head of the Philippine central bank, at the moment the dollar has an advantage because of the government bond market. He stressed that other currencies do not have the necessary international markets to support them.
Earlier, French President Emmanuel Macron reported that in recent years Europe has become more dependent on the United States.
According to him, the European Union should for a long time strengthen its independence and not depend on the dollar outside its territory, and stated that today’s guidelines for the development of countries are to accelerate strategic autonomy and provide financing for economies.
This article was originally published by RT.
