Franklin Templeton Says It May Take Decades to Find an Alternative to the Dollar

Source

Uk Jin

Summary

Sonal Desai, chief investment officer at Franklin Templeton, said there is currently no credible asset capable of replacing the dollar.
Desai said it would take decades to build such a monetary system.
Desai cited the U.S. economy, deeply liquid financial markets and institutional credibility as factors supporting the dollar’s status.

Forecast Trend Report by Period

The U.S. dollar is expected to keep its status as the world’s reserve currency for now.

ODaily reported on April 16 that Sonal Desai, chief investment officer at Franklin Templeton, said there is currently no credible asset capable of replacing the dollar. Building a monetary system that could do so would take decades.

Desai cited the size of the U.S. economy, the deep liquidity of its financial markets and institutional credibility as the key factors supporting the dollar’s status.