What would happen if the U.S. dollar lost its position as the world’s primary reserve currency?

Asked Sep 6, 2016· 1 answer ·China, Chinese Yuan Renminbi, OPEC, United States, United States Dollar

Faisal KhanAnswered Sep 6, 2016

Eventually? Perhaps Yes. If more trade and demand moves East, China's Renminbi would be the next reserve currency of choice for many. This could particularly be of value if some of the OPEC states decide to shift the Renminbi way.

For the next two decades, the US Dollar remains dominant.

Reserve Currencies US Dollar Dominance De-Dollarization Monetary Systems China Chinese Yuan Renminbi OPEC United States United States Dollar

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