Sat. AM KTFA News Articles 7-31-21

326

KTFA

Don961 » July 31st, 2021

International Monetary expects to play a crucial role in the transformation of digital currencies

 12:14 – 30/07/2021  Follow – Mawazine News

A document released by the International Monetary Fund says it will need to bolster its resources as it seeks to “monitor, advise and help manage the large-scale and complex transition” toward digital currency.

The document stated that “digital currencies are able to facilitate and accelerate payments and reduce their costs, but this requires that policy makers address major challenges, as digital cash should be reliable, and domestic economic and financial stability must be protected, and the stability of the international monetary system.”

She added, “The IMF has a crucial role in helping its members benefit from the benefits of digital money and manage its risks.”

And she continued: “Digital money should be subject to regulatory oversight, and its structure and the way it is available should allow countries to continue to control monetary policy, financial conditions and foreign exchange systems.”

The document does not focus on cryptocurrencies such as Bitcoin, nor does it take a position on which type of digital currency might eventually dominate.

The document dated last March, which was discussed by the Fund’s Board of Directors in April, includes a vision for the development of the Fund and its efforts to cooperate with other institutions such as central banks, regulators and the World Bank.    LINK

Source: Dinar Recaps

______________________________________________________

If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
______________________________________________________

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © 2021 Dinar Chronicles