Ba Shusong: Libra will make some economies increasingly dependent on fiscal policy

At the 13th Asian Finance Forum held today, Ba Shusong, chief China economist of the Hong Kong Stock Exchange, said that with the expansion of Libra in some economies, it will form part of the replacement of existing fiat currencies in different countries. The government's right to issue currency is subject to corresponding restrictions, which in turn restricts monetary policy, which may make these economies increasingly dependent on fiscal policy.