According to an ex-United States Federal Reserve official the US dollar dominance, although not liked by many, is vital to the stability of the global economy and that there is no point replacing it. It was just last month when Mark Carney, Bank of England (BOE) Governor, proposed a revolutionary overhaul of the existing financial system by introducing Facebook Libra-like cryptocurrency to the global economy. According to Carney, the current monetary policy can only undergo a radical shift if central banks start paying more attention to developing digital currency reserves. Ex-Fed official takes aim at BOE Governor In response to
