It has targeted money at the problem of energy prices, with a £100billion or more safety net for household incomes. Former Bank of England governor Mark Carney's observation that the pound's exchange rate is dependent on the 'kindness of strangers' had a nice ring. The dollar remains the world's unchallenged reserve currency. America has the extreme privilege of being able to issue dollar debt without fear of a shortage of customers. As technology moves on, a trusted, digitally created global stable coin might dislodge dollar supremacy.

Source: Daily Mail September 10, 2022 03:07 UTC