Because the world recovers from pandemic-induced financial recessions, some international locations have skilled excessive inflation and rising meals and power costs.
The Jakarta Put up spoke with Financial institution for Worldwide Settlements (BIS) common supervisor Agustin Carstens about this inflation, the rising curiosity in crypto and digital currencies and Indonesia’s G20 presidency.
In his first unique interview with Southeast Asian media, the previous Financial institution of Mexico governor mentioned dangers for rising economies through the world financial restoration and the financial institution’s plans to assist the inexperienced power transition in Asia.
Interviewers: Adisti Sukma Sawitri, Dzulfiqar Fathur Rahman
Producer: Abdur Rahim
Learn the excerpts from the interview: https://www.thejakartapost.com/opinion/2022/02/22/monetary-policy-timing-key-to-global-economic-recovery.html
Be aware: Within the interview, it was talked about that the financial institution’s first Asian workplace was established in Hong Kong in 1996. The Hong Kong workplace was truly arrange in 1998.
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Hmm… I wasn't convinced that everyday people need whatever product the BIS is providing on the CBDC front. Maybe it is useful for the banks. But why not just use Bitcoin? It already exists, is interoperable across borders, is decentralized (so developing and developed nations both benefit), is already trusted by millions, and is already legal tender in El Salvador.