Panda bonds may be solution to reduce pressure on US dollar demand in Egypt

Khattab told RT exclusively that Chinese Panda bonds may indeed be a solution to reduce pressure on US dollar demand in Egypt.

The Chinese yuan has a great economic position globally, he explained and has been expanding around the world, especially since the Russian-Ukrainian conflict.

He predicts that the war will reshape the global economy and there will be no unipolar world.

The crumbling reign of the US dollar

Khattab also expected that the US will not be the only power controlling the world but there will be others such as the BRICS group (Brazil, Russia, India, China, and South Africa).