Janet Yellen believes that there is no alternative to the dollar due to “the strength and role of the economy of the United States, its economic system,” as well as due to the fact that “investors trust the dollar without fear.”

The dollar will remain the key reserve currency in the world for a long time, perhaps it will remain forever, U.S. Treasury Secretary Janet Yellen said on Wednesday.

“There are countries that would like to invent a system free from dependence on the dollar, but I believe that it will take a very long time, if it comes at all, when the dollar will be replaced as a key reserve currency,” she said, speaking at the Atlantic Council analytical center.

Yellen believes that there is no alternative to the dollar due to “the strength and role of the United States economy, [its] economic system,” as well as due to the fact that “investors trust the dollar without fear.” “There will be a desire to <…> replace the dollar, but I do not think that this will happen,” the head of the U.S. Treasury summed up.