Jeffrey Sachs has been predicting the US dollar’s demise for years. Photo: EPA-EFEJeffrey 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
Topic |   China economy
Jeffrey Sachs has been predicting the US dollar’s demise for years. Photo: EPA-EFEJeffrey 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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