Economist Kullback: yuan will have a chance to replace dollar in 10 years

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RANEPA Associate Professor and Candidate of Economic Sciences Nikolai Kulbaka claims that the yuan can replace the dollar and become the world currency within 10 years at the latest. It has been reported URA.RU.

“One world currency is beneficial for everyone. In reality, this should take at least 10 years. This will certainly not happen in the next ten years. No one can specifically challenge the primacy of the dollar. This is a pointless and stupid idea,” Kulbaka said.

According to him, if the country and its economy weaken, it usually happens on its own. This is a very stable but slow process.

Earlier, it was learned that the share of the yuan in the calculations of annual exports from Russia was known. jumped 32 times from 0.5% to 16%.

Thus, at the beginning of 2022, export deals were predominantly made in dollars and euros, while the share of currencies of countries that were later considered hostile was 87%, while the share of the yuan did not exceed 0.5% and the share of the ruble did not exceed 0.5%. – %12.

At the end of the year, the share of “toxic” currencies rose to 48 percent, the share of the ruble to 34 percent, the share of the yuan to 16 percent, and the share of other friendly currencies to 2 percent.

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