Jim Rogers warns that the US dollar won’t be the only currency in dominance and sees the Chinese

Renowned investor Jim Rogers, co-founder of the Quantum Fund with billionaire investor George Soros, has reiterated his warning that the era of U.S. dollar dominance is coming to an end. Rogers believes that no currency can stay on top forever, and the Chinese yuan is the only currency with the potential to displace the USD as the world’s reserve currency. In an interview with Nomad Capitalist, Rogers emphasized that while he owns a lot of U.S. dollars, he can see the end of the U.S. dollar dominance and the rise of the Chinese currency.

Rogers acknowledged that the Chinese yuan is currently a “blocked currency,” meaning it is not as freely tradable as the euro or the dollar. However, he noted that China has been gradually opening up its currency over the past two decades. Rogers expressed his hope for another currency to arise as a competitor to the U.S. dollar but stated that he does not see it yet. He also raised concerns about the U.S. being the largest debtor in history and the potential consequences of the dollar’s eroding value.

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