Mumbai, June 19 -- Central Bank of China head, Pan Gongsheng, speaking at China's main financial forum in Shanghai, said that a multipolar international monetary system can prompt sovereign currency issuers to strengthen policy constraints, enhance the resilience of international monetary system, and more effectively safeguard global economic and financial stability. He spoke on how the necessity to weaken the excessive reliance on a single sovereign currency and its negative impacts, foster healthy competition among a few strong sovereign currencies, and put in place incentive-restraint mechanisms. Pan also pointed to European Central Bank President Christine Lagarde's recent comments on the uncertainty of U.S. dollar dominance. Lagarde,...