Most obviously, the IMF has played and will continue to play a critical role in providing liquidity and financial support to member countries. To that end, I hope that the 2010 agreement to increase IMF quotas will be fulfilled. In this regard, we also should be realistic about what a backstop is.
So it’s clear that, for the economy to function, people must be able to have trust in cash – it has to be robust, easy to check and readily available. And perhaps most importantly, it has to be secure: we need to stay ahead of counterfeiters, who might undermine the public’s trust in money.