Chinese expert predicted the collapse of the dollar

Zhang Yugui, representing Shanghai University, said that the hegemony of the dollar is coming to an end. This is indicated by the events taking place in the world. In particular, it became known that Saudi Arabia intends to continue to receive yuan from China for oil supplied to the country. Relevant negotiations are already underway. Saudi Aramco’s revenue is currently estimated at $350 billion. If such an agreement is reached, it will seriously impact the global financial system. The transition to settlements in yuan will be an “explosion” for the US currency. Zhang Yugui believes. In addition, Russia is negotiating with the Indian authorities on the transition to settlements in national currencies. Zhang Yugui noted that the dollar began to be used in oil payments almost 50 years ago. And this allowed the dollar to take a dominant position among world currencies. At the same time, the expert is sure that the hegemony of any currency ends sooner or later. This will happen with the US dollar as well.

Source: xCritical.com