It will neither hinder nor deliberately encourage the development of this role, but will rather leave this to market forces. The ESCB will, however, contribute indirectly to the international recognition of the euro by achieving its objective of maintaining price stability within the euro area.
A successful monetary policy is a necessary condition, but not the only prerequisite for the international recognition and use of a currency. The reason is that the latter is a complex phenomenon. While there is no single international role for a currency, there are many uses for a currency in an international context.