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Thread: Euro will overtake dollar as world currency in five years?

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[quote=GUEST17666,367825]The Chinese currency will not be the next World currency for sure. It is simply not a world currency in development. It is forbidden to have the Chinese rmb outside China. You cannot pay with it somewhere in other countries, at least not on a wide scale. Who knows its value really, without checking the charts?

So it is clearly not happening, maybe it is different in 20-30 yrs, but nobody can forsee that now. The Euro is different: you can pay with it already outside the Euro-zone. If you have no local currency in your pocket, but you have Euro's instead, it will probably be accepted in many countries in the world.
It is not a moment of take over or something like that, it is already happening for at least about 5 years or so. An example: The formula 1 budget fight with FIA and the teams is still going on: should it be 45 million Euro's per team or 100 million? Never mind the question, but you can see the currency is in Euro's, it always was in Dollars in the past.

As you can see things change by themselves as an ongoing process over many years. it is not a matter to appoint a new world currency.[/quote]

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