He called the idea pointless and silly. Kullbacka points out that the process of replacing a hegemonic currency often happens spontaneously when the country’s economy weakens. He stressed that China is still far from the dollar.
According to the expert, there are several conditions for the currency to become a world currency. First of all, what “only the United States can do” at the moment is a large, stable national economy with a stable economic history.
Source: Ferra
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