American economist Nouriel Roubini allowed the dollar to decline as the reserve currency within 10 years. The newspaper writes about it Finance Times.
The growing geopolitical rivalry between the US and China will lead to the emergence of two rival global reserve currencies, according to the economist.
As an example, Roubini cited China and Saudi Arabia, which had their first transactions in yuan. The economist stressed that this practice could become the norm for other states.
“The decline of the US dollar as the main reserve currency is likely to occur within the next decade,” Roubini said.
He added that in addition to national currencies, the dollar is threatened by digital currencies and payment systems WeChat Pay and Alipay.
Esther Pereira dos Santos, formerly of the BRICS Research Group at the University of São Paulo judicial The creation of the single currency of the BRICS countries is a “logical step”.