Economic analyst Kuzman Iliev has described the potential introduction of a digital euro as a pro-inflationary and dangerous precedent.
Key facts
- •Kuzman Iliev is an economic analyst and the leader of the 'Bulgaria Can' party.
- •Iliev stated his views during an interview with the Bulgarian National Radio (BNR).
- •He argues that the digital euro represents a dangerous precedent for the economy.
- •The analyst claims the project is inherently pro-inflationary.
Economic analyst and leader of the 'Bulgaria Can' party, Kuzman Iliev, has expressed strong opposition to the proposed digital euro. Speaking to the Bulgarian National Radio (BNR), Iliev characterized the project as a highly pro-inflationary and dangerous precedent for the financial system.
Concerns Over Monetary Control
Iliev explained that current monetary policy involves central banks creating money and providing it to commercial banks, which then decide whether to issue credit based on their own risk assessments. He suggests that a digital euro would alter this dynamic, potentially removing the intermediaries that currently act as a buffer in the lending process.
Advertisement
This article was independently rewritten by ManyPress editorial AI from reporting originally published by Novinite.
