Golovchenko: Global financial system will face major changes
15:12, 10 March
Photo by: BELTA
The global financial system will face serious changes, Chairman of the Board of the National Bank Roman Golovchenko told the media following his report to the head of state on the current activities of the National Bank in the context of the country’s economic development objectives, BelTA has learned.
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Roman Golovchenko noted that overall, the world is currently experiencing problems with traditional finance and payment processing. “This is evident, among other things, in the growing refusal to use the US dollar as an international means of payment. These are long-term trends that countries will have to work with for many years to come,” he emphasized. “I believe that, in general, the global financial system will undergo significant changes.”
In this context, many leaders of the BRICS countries are discussing the need to establish their own currency for transactions within the organization. The topic is also being discussed in other groups and alliances. “In other words, we are seeing a certain defragmentation of the global financial market. I think we will see many more interesting developments,” Roman Golovchenko said.
As for Belarus, the head of the National Bank stressed that a significant share of foreign-trade settlements is carried out in the currencies of allied countries, for example, in Belarusian and Russian rubles, the currencies of the EAEU states, and the Chinese yuan. “Our portfolio of foreign-currency assets is highly diversified,” he noted.
