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US Dollar Has Five Years Left As Dominant Currency — Russian Tycoon
According to Russian billionaire Oleg Deripaska, the US dollar has only five years left as the principal currency for the global economy.
Seven years ago, the absolute dominance of the greenback in global settlements and financial transactions seemed unshakable, the founder of aluminum giant Rusal wrote in a Telegram post on Saturday.
Deripaska expects global settlements to diversify and digital currencies to become more “compatible.” “That will be hard at the beginning, but then the world will discover a new reality without a [need for] a hegemon,” he said.
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