Bank of England Governor proposes replacement of the US dollar

Bank of England Governor, Mark Carney, has indicated a revolutionary overhaul of the existing financial system by proposing Facebook’s Libra-like digital currency to replace the US dollar dominance. Putting forth his opinion at the Federal Reserve’s annual gathering at the Jackson Hole on Aug 23, the economist, banker and the digital currency supporter urged that the central banks and governments need to pay more heed to the digital reserve currencies, such as the Libra, to bring about a radical shift in global monetary system. It was just two months ago when the Bank of England (BOE) Governor advocated widespread adoption