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Philippine Central Bank Leader Urges for a Global Multi-Currency System from Washington

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On the sidelines of the Spring Conference of the International Monetary Fund and the World Bank in Washington, Philippine Central Bank President Felipe Medalla called for the need for a multicurrency world.

According to the head of the Philippine central bank, the dollar now has the 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 said that in recent years Europe has become more dependent on the United States.

According to him, the European Union should strengthen its independence for a long time and not depend on the dollar outside its territory, and said that today’s development guidelines for countries are to accelerate strategic autonomy and provide financing for economies.

Source: News

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