The economist explained that the dollar acquired the status of a world currency not as a result of "some decisions and appointments", but as a result of the fact that after the Second World War the United States occupied a dominant position in trade and in world production.
“Most countries were interested in trade with the US, lending activities, financial transactions with the US, and all this was served by the dollar.
Therefore, the Bretton Woods system made the dollar as the main reserve currency, that is, a freely convertible currency,” he explained.
Belyaev clarified that a couple of decades ago, the situation in the world began to change.
“The dollar as the world's largest trading partner is being pushed back.
Now this process has accelerated.
It has reached a level and such values that the world has clearly stratified into two zones of influence: the western and the eastern.
America began to abuse the position of the dollar, which also caused the loss of its leading position.
They used it as a currency pressure tool.
The dollar is losing its first position, ”concluded the economist.
Earlier, Green expressed the opinion that Washington's policy regarding the situation around the Ukrainian conflict could lead to the loss of the dollar's status as a world currency.
According to her, this situation may lead to the fact that "the dollar will cease to be a world currency."