EconomyAnnounces the date when the dollar will finally "fall"

Announces the date when the dollar will finally “fall”

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Dollar bills. Archive photo

Analyst Vernikov: It will take decades for a currency to replace the dollar

MOSCOW, October 6 – RIA Novosti. It will take decades to create a currency that can replace the dollar as the world’s reserve currency. Although a strong dollar is negative for emerging economies, its credibility is still high, said Prime agency, independent financial analyst Andrey Vernikov.

“On the one hand, many countries in this group have large dollar debts, on the other hand, some countries export natural resources whose value has depreciated due to the strengthening of the dollar. But the cycles of dollar strengthening and weakening are constantly changing. Developing countries suffer at some point, then gain again,” the analyst says.

He suggested that a real alternative to the dollar for world trade must have a history of at least a few decades. At the moment, even the euro cannot offer such an alternative, and cryptocurrencies that are predicted to play such a role are very volatile. At the same time, trade for national currencies between individual countries is quite possible. In particular, Russia already concludes such agreements with a number of neighboring countries.

Source: Ria

Regina
Regina
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