NAPOLI (ITALPRESS) – “The coin is, in the end, a collective agreement of trust”. This was affirmed by the Governor of the Bank of Italy, Fabio Panetta, speaking at the National Archaeological Museum of Naples for the meeting “L’oro di Napoli. Devotion, currency and trust.” In his speech, Panetta stressed that the task of central banks is today to become “guardian” of this pact, guaranteeing secure payments and preserving the value of money at a time when trust is put to a tough test by conflicts, post-pandemia and technological challenges. The governor looked at international tensions, citing wars in Ukraine and the Middle East. “Conflicts in progress are likely to fuel a new price surge,” said Panetta, ensuring that the Governing Council of the ECB closely monitors the geopolitical situation to prevent the rekindling of an inflationary spiral similar to that of the three-year period 2021-2023. Addressing the theme of artificial intelligence, the Governor acknowledged the concerns of workers and enterprises, comparing the current phase of uncertainty to that experienced by craftsmen during the industrial revolution. However, he recalled trust in the institutions: “History teaches that these transitions generate new opportunities and prosperity.” On the payment front, Panetta warned against “untransparent private money forms” that could weaken the public currency.
In closing, a tribute to the host city: citing the masterpiece of De Sica, Panetta defined the identity of Naples as a “gold” made of human wealth and dignity, able to value “more than any coin” at the turning point of history. The Governor also announced that the new Museum of Coins will be inaugurated in Rome next year, which was born to help citizens navigate the transformations of the present.
– photo IPA Agency –
(ITALPRESS).
