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Just a few months before he steps down as Bank of England governor, Carney offered his vision for the international economy. Carney laid out a radical proposal for an overhaul of the global financial system that would eventually replace the dollar as a reserve currency with a Libra-like virtual one.

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“in his speech he said it may be that a new “Synthetic Hegemonic Currency” would be best provided by the public sector, through a network of central bank digital currencies.”