WASHINGTON, Oct. 19 (Xinhua) -- Senior officials at the International Monetary Fund (IMF) on Monday called for strengthening international cooperation to improve cross-border payments as many central banks are exploring the issuance of digital currencies.
"Changes to cross-border payments have a bearing on the stability of the international monetary system, on financial inclusion, and on the efficiency of trade and financial markets," Tobias Adrian, financial counselor and director of the IMF's Monetary and Capital Markets Department, and Kristalina Georgieva, managing director of the IMF, wrote in a blog post on the IMF's website.
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