The further growth of China s power is to lead to the fact, that Chinese currency will take the place of the dollar, at least in Asian-Pacific Region. The conception of introducing golden Yuan is worked out by the Chinese government. China will become one of the largest world creditors during the period of 2010-2020 years. Datuk Yahya Baba, who made a speech at the Special Business Meeting also complained at provoked by Americans and IMF crisis and remarked, that Asia waits for Russia . It depends on out government, whether it will be able to use this chance for rebuilding of former influence of Russia in these countries.
American dollar loses positions of the basic reserve currency of the world.
Financial authorities are going to search for the alternative for American currency in different regions of the world. The interest to euro, multi-currency standard and gold increases. Golden Chinese Yuan has very wide chances to become one of the important world reserve currencies. Unfortunately, current world situation makes graduate economy s slowing less and less obvious. There is evidence of the recession of the U.S. financial system, which is largest in the world.