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From bnnbloomberg.ca
The current and former central bankers of Jackson Hole, Wyoming, did not know if Mark Carney's idea of a virtual reserve currency was the solution, but they agree that dollar dominance is a problem. The Governor of the Bank of England took advantage of the annual symposium of the Federal Reserve in Kansas City to set a radical goal – to invent a currency similar to Libya based on several widely used currencies – which would eventually replace the role of the dollar in the international transactions. Carney's provocative speech highlighted the 5,000 km simultaneous struggle of the leaders of the Group of Seven in France, who are trying to preserve a semblance of … (full story)
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