President of the Central Bank of the Netherlands Klaas Noth: “The digital euro will make the European Union independent from other payment systems”
Date: 2024-04-11 Author: Gabriel Deangelo Categories: BUSINESS
The President of the Central Bank of the Netherlands, Klaas Noth, made an important announcement at an international economic conference organized by the consulting company The European House – Ambrosetti. His words about the digital euro caused wide resonance and discussion in the economic community.
Klaas Noth stressed that the modern world is rapidly moving towards a digital format, and it is time for the money in wallets to follow suit. He put forward the concept of a digital euro as the next step in the development of the eurozone currency.
Balancing interests
Concerns about the introduction of a digital euro were allayed when the president of the Dutch Central Bank insisted it would not upset the long-term balance between private and public money. He also assured that the digital euro will not undermine private innovation in finance.
Expanding trust
The goal of introducing the digital euro is to increase public confidence in physical banknotes in a digital environment. Klaas Noth argues that this should be equivalent in terms of use to traditional money, while maintaining the confidentiality of transactions.
For Klaas Not, the digital euro is a step towards independence and access to public money in the digital world. His statement is a challenge to the further development of the eurozone currency in accordance with the requirements of modern society.
Previous cases, such as an interview with European Central Bank President Christine Lagarde, are reminders of growing public concerns about the use of digital currencies and their potential negative consequences.
