Mark Carney: dollar is too dominant and could be replaced by digital currency

Bank of England governor says stockpiling dollars has become a barrier to global tradeThe Bank of England governor, Mark Carney, has challenged the dollar’s position as the world’s reserve currency, arguing that it could be replaced by a global digital alternative to end a savings glut that resulted in 10 years of low inflation and ultra-low interest rates.Likening the move to the end of sterling’s command of international money markets 100 years ago, Carney said the dollar had