Old intentions of countries that seek such a thing to be true one day, but it does not go beyond intentions and then the half-truths arrive, in this case not even half-truths, 1/8 truths. Russia, China, fervent believers and promoters of such ideas, the others take refuge in political discourse, which actually brings them closer to the gringo currency than distances them.+
I think that the equivalence for something like this to happen, at least in the short term, -/ beware#1, the long-term future does not look very good for the dollar, there are many things out there among them the cryptocurrencies led by bitcoin /- in short; It is as if one day Bollywood will conquer the world with its movies like Hollywood does, -/ beware #2, currently independent productions are taking a small part of the market from this traditional industry through Streaming, unthinkable, but it happens. -/
Please explain how you see the process of replacing the dollar with any other currency?
But first, let's define the characteristics that made the dollar the most powerful currency?
I see criteria like this:
one of the most powerful economies
- technological world leader
- political world leader
- strongest army
- .... add many more features.
And now let's get back to Russia and China, who "want" to change the dollar in its place?
What do they have from the above? How can they ensure the same stability and security of their currencies? Try to list?