The World in Search of Alternatives to the Dollar: Experts Discuss the Future of the Global Currency in Davos.

The Future of the Dollar as a Global Reserve Currency

At the World Economic Forum in Davos, leading economists discussed the future of the dollar as a global reserve currency. Experts agreed that despite existing challenges, the dollar will retain its status for a long time, although more and more countries are beginning to seek alternatives.

The discussion included representatives from leading American universities - Harvard University Economics Professor Kenneth Rogoff and Booth School of Business Professor at the University of Chicago Raghuram G. Rajan.

Experts paid special attention to the issue of significant U.S. national debt, which could create an atmosphere of uncertainty for countries and companies working with the dollar.

'I think if you look at economic research, it's very hard to predict exchange rates,' Kenneth Rogoff noted in his speech.

Experts also discussed how the dominance of the dollar allows the U.S. to impose sanctions and impose significant fines, leading to restrictions on the free movement of capital and its regionalization.

Particular attention was paid to the non-financial aspects of U.S. monetary policy, including the potential strengthening of U.S. military power. However, despite some reservations, most experts expressed confidence in the stability of the American economy.

As Raghuram G. Rajan emphasized: 'Despite everything the Fed has done, it hasn't slowed down the U.S. economy.'

Earlier in Ukraine, a gradual transition from the dollar to the euro in the economy was announced.