The figure is clear. There is NOTHING even comes close to replace $ in terms of volume. Remeber, also took US Dollar a long time to replace the Pound as the reserve currency.
Whenever country like Japan stops using dollar to settle oil purchase, it is another step. With currently development around the multi-polar world, it is likely not one single currency, rather several regional block reserve currencies will arise to replace the Dollar.
Whenever country like Japan stops using dollar to settle oil purchase, it is another step. With currently development around the multi-polar world, it is likely not one single currency, rather several regional block reserve currencies will arise to replace the Dollar.