Bank for International Settlements: Stable currency is not a real currency

ACCORDING TO REUTERS, THE BANK FOR INTERNATIONAL SETTLEMENTS (BIS) INDICATED THAT 63 CENTRAL BANK-OWNED BANKS DID NOT CONSIDER STABLE CURRENCY TO BE A REAL CURRENCY AND DID NOT HAVE THE CREDIBILITY TO MAKE LARGE-SCALE PAYMENTS. THE PRESIDENT OF THE BIS PROMOTED THE MONETIZATION OF BANK DEPOSITS AND, WHILE HE ACKNOWLEDGED THAT THE STABILIZATION OF CURRENCIES COULD REDUCE THE COST OF BORROWING IN THE UNITED STATES, WARNED THAT DOLLAR COINS COULD THREATEN THE CONTROL OF OTHER COUNTRIES OVER THEIR OWN CURRENCIES。