 |
| Mr.Jokowi Indonesian Presiden |
Cyber Daily News - President Joko Widodo called the dependence on the US dollar could potentially threaten global economic progress.
"The heavy reliance on the US dollar has led to global distortions that now threatens global economic progress," the president said Joko Widodo (Jokowi) in the Working Session I G-20 summit in Antalya on Sunday.
Joko Widodo President insists it is time for a total overhaul of the global financial architecture.
It is important to remember the main problem facing the world economy today is the waning liquidity United States dollars (US) in almost all developing countries or emerging markets of the world.
In addition, since the creation of the euro currency in 1999, there is no world currency or a new global reserve currency.
Furthermore, the President Jokowi said that developing countries should immediately implement economic reforms are fundamental.
"Reform of the real economy is needed to rebuild the credibility of the market and recapture the confidence of investors and economic actors," he affirmed President Jokowi.
The fundamental economic reforms, according to the President Jokowi, need to be followed by a strong financial liquidity in order not to experience turmoil due to the disruption of liquidity.
"The heavy reliance on the US dollar has led to global distortions that now threatens global economic progress," the president said Joko Widodo (Jokowi) in the Working Session I G-20 summit in Antalya on Sunday.
Joko Widodo President insists it is time for a total overhaul of the global financial architecture.
It is important to remember the main problem facing the world economy today is the waning liquidity United States dollars (US) in almost all developing countries or emerging markets of the world.
In addition, since the creation of the euro currency in 1999, there is no world currency or a new global reserve currency.
Furthermore, the President Jokowi said that developing countries should immediately implement economic reforms are fundamental.
"Reform of the real economy is needed to rebuild the credibility of the market and recapture the confidence of investors and economic actors," he affirmed President Jokowi.
The fundamental economic reforms, according to the President Jokowi, need to be followed by a strong financial liquidity in order not to experience turmoil due to the disruption of liquidity.
