the euro? i would tell them that the euro is the basis for our future. the euro is a sound currency, and one that is entirely fulfilling its role, but it is suffering from the fact that our monetary union is incomplete and imperfect. we need to complete our monetary union if we want to truly achieve lasting stability and prosperity in europe. first of all, we need to move forward with the banking union and complete the reform and deficit reduction programmes that we have embarked on. the populist argument that, by leaving the euro, a national economy will bis central bankers ’ speeches instantly benefit from a competitive devaluation, as it did in the good old days, does not hold water. if everybody tries to devalue their currency, nobody benefits. ultimately, the road to prosperity always goes via reforms and the search for productivity and innovation. do you dread an anti - european vote in the elections in may? i am expecting a stronger anti - european presence in the european parliament relative to today. we have to be conscious of that and respond to the distrust that has become entrenched in public opinion when it comes to the european project and its institutions. there is no doubt that populist movements are capitalising on that sentiment, but there are also people who are genuinely disappointed. it is up to us to explain why the euro has been and remains a mark of progress, a currency for the future. it is up to us to point out that european integration has proved to be the best way of safeguarding peace. however, we also need to give our community a renewed sense of purpose – to explain that more europe and greater integration can contribute to progress, economic recovery and prosperity. we have to give people fresh hope. bis central bankers ’ speeches

modest fashion festival ( in2motion ) held in conjunction with the 11th indonesia sharia economic festival ( isef ) in 2024. meanwhile, bank indonesia has strengthened islamic finance through klm liquidity incentives targeting sharia banks to nurture financing to more inclusive and green sectors. the digitalization of zakat, infaq, sadaqah and waqf ( ziswaf ) was supported by further development of the halal certification process and satu wakaf indonesia ( swi ) application that was launched in 2023. strengthening the halal lifestyle, bank indonesia was fully committed to hosting sharia economic festivals ( fesyar ) in three regions, namely java, sumatra and eastern indonesia, as part of the ‘ road - to ’ activities for the 11th isef in 2024, held in jakarta. the close synergy of all stakeholders in the development of islamic economics has successfully supported the flagship programs fesyar and isef 2024. solid synergy between bank indonesia and the national islamic economy and finance committee ( kneks ), relevant government ministries / agencies and other strategic partners, including international organisations, such as the islamic development bank ( isdb ), international islamic financial market ( iifm ), international islamic liquidity management corporation ( iilm ) and islamic financial services board ( ifsb ), again realized a successful series of fesyar and isef activities in 2024 figure 6. achievements of the 11th indonesia sharia economic festival ( isef ) 2024 indonesia sharia economic festival 2024 synergy to strengthen the resilience and revival of the global sharia economy total events in2motion fest events international and national designers : 218 designers total visitors parades : 20 parades offline : 1, 363, 645 online : 74, 747 looks : 1, 622 looks business transactions idr1. 94 trillion financing commitment and realization : idr641 billion trade commitments and realization : idr295 billion total exhibitors 5, 143 exhibitors revenue idr115 billion total competition total competitions : competition types competitors : 6, 573 participants islamic finance ecosystem cooperation commitments : idr1 trillion source : bank indonesia for the 11th consecutive year. in 2024, a total of 71 isef activities attracted nearly 1. 5 million visitors, 5, 143 businesses that realized revenue totaling rp115 billion, as well as 218 designers putting on 20 parades and 1, 622 looks at the in2motion