Head of analytical research at the “Graduate School of Financial Management”, Kogan, predicted the end of the dollar’s dominance in the world.

According to him, the dollar appears less and less in transactions between countries and many states prefer to carry out transactions in other currencies. Kogan explained that the emergence of the euro and the consolidation of the yuan as the second or third reserve currency in international reserves strongly influenced the dominance of the American currency.

According to the expert’s forecast, in the next 50 years the euro and the yuan may displace the dollar from the leading positions in world turnover. Meanwhile, he added that, probably, the yuan will become the key world currency.