Core Viewpoint - The international monetary system may transition from a dollar-centric model to a more diversified global currency system, although the dollar will remain a key currency [1][4]. Group 1: Statements from Officials - Fabio Panetta, a member of the European Central Bank and Governor of the Bank of Italy, indicated that the world might gradually move towards a more multipolar currency landscape, which could enhance diversification but also increase volatility and contagion risks if coordination fails [1]. - Panetta emphasized that good governance is crucial for managing such risks, highlighting that the pillars of currency stability are national authority and independent central banks [1]. Group 2: Current Currency Market Dynamics - According to a survey by the Bank for International Settlements, the dollar continues to dominate the global foreign exchange market, accounting for 89.2% of all transactions, an increase from 88.4% in 2022 [4]. - The euro's share has decreased from 30.6% to 28.9%, while the yen's share has remained stable at 16.8% [4]. Group 3: Future Outlook - Panetta noted that the future of the dollar will depend on slowly changing factors, such as the weakening of some traditional pillars of the dollar, the rise of China, and progress in deeper integration within Europe [4]. - Europe is striving to enhance its strategic autonomy, which includes increasing the global influence of the euro through improved cross-border payments, enhanced liquidity support, and a commitment to digitalizing financial infrastructure [4].
欧洲央行管委帕内塔:美元地位正在下降,全球货币或迎“多极化”格局
智通财经网·2025-12-10 00:25