Race against time for fiat currencies – Lagarde
IMF managing director envisages digital currencies taking over in countries with “unstable currencies”
The managing director of the International Monetary Fund has said virtual currencies could “give existing currencies and monetary policy a run for their money” in the future, in a speech delivered on September 29.
Speaking in London at a conference hosted by the Bank of England, Christine Lagarde presented a future scenario where countries with “weak institutions and unstable currencies” might actually embrace digital currencies more directly.
“Instead of adopting the currency of another
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