Problem of the dollar’s superiority is a long way, say central bankers

Francesco Canepa and Balazs Wolf

Sintra, Portugal (Reutugal) – is not any prospect of a major problem for the status of the dollar, as the world’s reserve currency, the central bankers gathered for the annual conference at the Portuguese resort on Tuesday.

US President Donald Trump has asked the unexpected economic, trade and security policy, which is 58% of worldwide resources, the United States can stay in the center of the global monetary system.

European Central Bank President Kristin Lagarde, if the European exchange zone applies the necessary reforms, Christine Lagarde, who claims to be an alternative to the dollar, said that 2025 could seem like “Pivotal” in this regard.

“(But) will make a lot of time and much effort for the occurrence,” he said in a panel with the United States, English, Japanese and Korean colleagues.

He noted that in a climatic characterized by uncertainty and unpredictability, “investors look at options” and the euro has benefited from this.

“It will not happen as it is in one night. It never happened that this has never done it.” “But there is something clear.

Bank of Japan Governor Kazuo Ueda, a significant change will depend on structural reforms, he said.

“What will happen in terms of how European or China, in terms of improving the effectiveness of some, effectiveness or currencies of the currencies, for example, efforts to integrate in the capital market in the Eurozone.

The Governor of England Andrew Bailey said that any change in the status of the Bank’s dollar is a long way.

“I don’t see it … in a large shift of a kind of moment”, any reserve has to offer safe assets to the market that can be used for currency, collateral and security purposes.

Bank of Korea’s governor Rhee Chang-Yong was the subject of discussion for some, as the prospects of a long-term shift of the dollar.

“It seems that this is talking about it. But at this time, it maintains the share of the dollar while increasing the hedge rate.” He said to the panel.

Lagarde said he was an opening for the last spectator in Berlin, “Global Euro Ana”.

According to him, Europe must build a deeper, more liquid capital market, strengthen its legitimate works and support the obligation to open trade with security opportunities.

The current share of the dollar of international resources has been over for decades for decades, 58% of the euro is above the euro.

(Write by Mark John. Edit by Mark Potter)