Economist Valentin Katasonov stated that the transition of the global economy to electronic money could lead to the devaluation of savings.
The reason for the changes was the growth of inflation in the US due to the large-scale emission of unsecured dollars.
Many countries have begun to get rid of dollars in reserves, which is creating pressure on the global financial system, writes DEITA.RU .
Katasonov warned that if there is a transition to electronic money, most dollar holders could lose their savings.
Only large banks and corporations will be able to exchange for the new currency. Individuals and entrepreneurs' dollar savings will be reset to zero.
The expert warned that only a few will be able to exchange old monetary units for new ones. Most holders of the American currency will be left with nothing.
Therefore, electronic money may become a serious blow to paper money holders.
