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Bank of England (BoE) Governor Mark Carney during at a meeting in the U.S. city of Jackson Hole has urged to replace the dollar with a new Libra-like currency.

According to Bloomberg, Carney claims that the current economic space is exacerbating the disinflationary bias in the global economy.

Carney highlights that the dominance of the dollar in the global financial system has increased the risk of a liquidity trap in ultra-low interest rates.

"In the longer-term, we need to change the game," he added.

The Head of BoE also noted that in the short-term perspective central bankers all over the globe must deal with the situation as it is.

Previously Carney said that even though it is pretty obvious that Facebook's crypto project has its downsides, people must acknowledge that its ultimate goal is to solve current financial problems.

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