Carney floats on the idea of ​​a new virtual reserve currency



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LONDON – Central banks should consider joining forces to create a virtual currency that could supplant the dollar in the global economy, said Bank of England Governor Mark Carney, offering a new solution to of the greenback as the main reserve.

In a speech Friday at an annual gathering of central bankers in Jackson Hole, Wyo., Carney said the dollar's "dominant" position in world trade and the global financial system were creating problems for the world's …

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