Jeffrey Sachs has been predicting the US dollar’s demise for years. Photo: EPA-EFE
Jeffrey Sachs has been predicting the US dollar’s demise for years. Photo: EPA-EFE

China’s yuan is 10 years from ending US dollar hegemony, says economist Jeffrey Sachs

  • Jeffrey Sachs predicts a multicurrency world in the future, with the yuan and other currencies a decade away from an even keel with the US dollar
  • Yuan lags well behind other international currencies in use and convertibility, with analysts sceptical of whether Sachs’ comments are viable

Jeffrey Sachs has been predicting the US dollar’s demise for years. Photo: EPA-EFE
Jeffrey Sachs has been predicting the US dollar’s demise for years. Photo: EPA-EFE
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