NEW YORK, April 6. /TASS/. The dollar may no longer be the number one world currency soon due to the policy of US President Joe Biden’s administration, former President of the United States Donald Trump wrote on his social network Truth Social on Thursday.

"China is trying to displace the US dollar as the number one currency throughout the world. Unthinkable three years ago! If this happens, and under Biden’s leadership it probably will, this would be the biggest defeat for our country in its history. We will be reduced to second tier status," Trump wrote.

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.