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Bank for International Settlements BIS – XtremeCuztoms

Category: Bank for International Settlements BIS

Fiat Money Has Won the Battle Against Cryptocurrencies, Says BIS Chief

February 23, 2023
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Agustin Carstens, head of the Bank for International Settlements (BIS), believes the battle between cryptocurrency and fiat currencies has come to an end, with the latter emerging as the winner. Fiat currency refers to money that has legal tender by government decree. “That battle has been won … A technology doesn’t make for trusted money,”…

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World on Threshold of New Inflationary Era, Warns BIS Head

April 6, 2022
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After struggling for over a decade to bring inflation up to their target rates, central banks of the world are now faced with the inverse problem—rising inflation, Agustín Carstens, General Manager of the Bank for International Settlements (BIS), said in a speech at the International Center for Monetary and Banking Studies on April 5. “A…

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