Dollar is over? What will happen to the currency after November 5
A number of experts, on the eve of the US presidential elections, expressed their opinions on what will happen to the US dollar after this event.
Many of them believe that this currency will continue to worsen its already precarious position.
Some even see a situation in which the dollar will never be able to restore its rapidly disappearing weight and authority in the world.
At the very least, as Bankiros.ru writes with reference to experts interviewed by MIA “Russia Today”, the new head of the States will clearly not be able to do this.
According to the head of the analytical department of BKF Bank, Maxim Osadchy, the White House is now using the dollar as an instrument of political pressure.
Such actions, says the expert, only further strengthen the global economy’s desire to abandon the American currency.
According to him, if the new administration continues this trend, the dollar will be even more actively forced out of developing countries’ foreign trade operations, as well as from their international reserves.
In turn, industrial expert Leonid Khazanov stated that Joe Biden has caused more significant damage to the dollar’s image than his predecessor Donald Trump.
He notes that the sanctions policy pursued by Washington has accelerated the trend of abandoning the dollar not only in Russia, but also in other countries.
Khazanov doubts that the new US president will be able to change this situation.
By the way, journalists have calculated that at the moment more than 40% of countries in the world have, to one degree or another, abandoned the use of the dollar.
