Can dollar be replaced?

[bayiajaib]

There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?

I have read several opinion here, I think I agree It is hard to replace  dollars. Because In my opinion iT is really difficult to change the habit. We all know dollar is still dominant , So I don't believe it will happen

[Astra]

There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?

The Chinese yuan has a good chance of replacing the US dollar in the future. This is primarily due to the fact that the Chinese economy is developing very rapidly. If the current pace continues, it will be possible in a few years. Given how many dollars have been printed recently, states can simply abandon the dollar and switch to the yuan.

[zilzylian]

I'm not sure, but it will happen.
China has many ways of doing this, they also support digital currencies which can later be used to make payments and be recognized by banks.
We can learn from companies as big as NOKIA that they can fall because they don't keep up with the times

[Falcon]

For now I don't think the dollar can be replaced by any payment, for several reasons. But in the future, I believe that the dollar can be replaced.

If ever the dollars will be replaced by any currency. I think the regular rotation of transaction is still the same despite of changes. Crypto some day will become the regular norms around the globe. The old practice will remain in new generation and technology of the future.

[hadi97bd]

If can possible but not be happened once a day, now China has taken control the workd's economy system so will us dollar be replaced by Yuan. Noting is impossible in this magical world. 

[Tristanerus]

There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?

I think it's impossible in my own perception. We all know how powerful the Government of USA country. US dollar is always remains world global currency at this time, while nobody could compare their power.

[pelana vreo]

Every country currently has developed a lot of digital coins which are priced in dollars, there is news that the Yuan will be supported by members of the government to be converted into digital coins and registered in the bank.
There will be no competition if you don't try and develop everything, because this is a fiat currency whose value will depend on many aspects I don't think these two currencies will compete with crypto, the dollar will still be in the lead and the Yuan will always keep up with the movements of the dollar.

[Malam90]

If can possible but not be happened once a day, now China has taken control the workd's economy system so will us dollar be replaced by Yuan. Noting is impossible in this magical world.

In future, Dollar can be replaced by financially dominated country like China, i agree with you. But Dollar can't be replaced by Bitcoin. Both are two side of currency. Digital currency and real currency are both different. Popularity and usages of Bitcoin will on the rise sure but it can't replace with Dollar.

[Anonylz]

There was a claim that China want their currency which is yuan to replace the US dollar as the worlds global currency. That would give it more control over its economy. sometimes I just be wondering how this countries always push their own currency in the forefront ahead of other country, regarding to what China is saying about their yuan currency in trying to make it gain more value than US dollar. Base on your own opinion can that be possible?

The Chinese yuan has a good chance of replacing the US dollar in the future. This is primarily due to the fact that the Chinese economy is developing very rapidly. If the current pace continues, it will be possible in a few years. Given how many dollars have been printed recently, states can simply abandon the dollar and switch to the yuan.

I totally agree with you and I believe the reason the US Dollar has been the worlds currency is because of their economy which has always been seen as a strong or the strongest economy but like you mentioned? China is also now in the forefront in terms of Economic Development and if this is sustained over time, Yuan replacing Dollar is inevitable and we can also see what in happening between China and the US in terms of Economic war.

[DAMKAR]

^ the dollar cannot be replaced. not without reason why the dollar is called the strongest currency. dollars are used for many international transactions, so the world will continue to need it. digital yuan will only be strong in china.

I think It is really difficult to replace Dollar. Dollar is very popular and the most popular than other currency. I don't believe crypto currency will replace dollars at the few years again..That's my opinion mate.

[tervel]

The concept of the dollar as the basis of international and domestic commerce works best from a practical standpoint.It’d be very hard to get a crypto currency to play that role, so I don’t think we’re going to see any changes in the near future.

[I-Bit]

So far, the dollar still becomes the king of the currency in the world. All currencies depend on $.
However, now, we may be hearing about the effort from China to compete with the dollar. I do;t know what will happen to morrow. But maybe China needs bigger things that can make them replace $.
And about cryptocurrency? I also don't think it can, at least for recent.

[bitcoin-shark]

the American dollar is and will be the currency, unit of measure, of reference fiat in the world for a long time, i don't think the Chinese currency will be able to replace it, personally i hope that in some time an altcoin will succeed in taking its place as a point of reference

[Seerge]

It is very difficult to replace the dollar as a global currency, because the dollar has been recognized by the world. And this currency has become a benchmark for other currencies, China is indeed a large country but the Yuan is still not very popular when compared to the Dollar. So I think it will be difficult for the Chinese or the Yuan if they want to replace the American Dollar.

[Fenix]

The position of the dollar or yuan in the world financial market is primarily determined by the state of the economies of these states. We see that economically China continues to strengthen, and its economy continues to grow. Therefore, it is possible that someday the yuan will replace the dollar as a world currency. Of course, this will happen gradually. First, he must compare with the dollar, and only then beat him. This is a very long and thorny path.