US Dollar to Remain World Reserve Currency in Next 10 Years - IMF Chief
© REUTERS / Jo Yong hakAn employee of the Korea Exchange Bank counts one hundred U.S. dollar notes during a photo opportunity at the bank's headquarters in Seoul April 28, 2010
© REUTERS / Jo Yong hak
WASHINGTON (Sputnik) - The US dollar will remain the world reserve currency during the next decade, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday.
"The US dollar will be the world's reserve currency in ten years," Georgieva said during a conversation on digital currencies.
Speaking on the reasons why the US dollar will retain its dominant position, Georgieva pointed out to the strength of the economy, capital markets debt and the innovation capability of US companies.
However, Georgieva did not rule out fiat and digital currencies "neighboring" each other in the near future.
"Let see what we will have in our wallet in ten years. It is very likely it might be both," she said.