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Countries want to ditch dollar as reserve currency over 'heavy-handed' US policy — Musk

Earlier, US economist Nouriel Roubini, who predicted the financial crisis of 2008, did not rule out the eventual demise of the dollar as a reserve currency within a decade

NEW YORK, March 30. /TASS/. A number of countries want to abandon the dollar as a reserve currency because of the US’ overly "heavy-handed" policy, US billionaire Elon Musk wrote on Twitter on Thursday.

"Serious issue. US policy has been too heavy-handed, making countries want to ditch the dollar," he said in response to a user comment stating that the dollar is losing its reserve currency status.

Earlier, US economist Nouriel Roubini, who predicted the financial crisis of 2008, did not rule out the eventual demise of the dollar as a reserve currency within a decade. Ray Dali, Founder, Co-Chairman and Co-Chief Investment Officer of Bridgewater Associates, expressed a similar view, saying that the era of the dollar-dominated global order and economic globalization is fast disappearing as the world’s major powers are forming their own economic, financial and military blocs.

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