Kolombos1

I do not think China, Russia and their ally's plans can replace the US dollar as the world reserve currency.

Moreover, they don't have the credibility and transparency to handle that position.
I'm not saying that America is holy but, America is heaven compared to these nations (China and Russia).

There are biblical revelations and prognoses that the United States is the last world power and after that, there will be decentralised power,
We can discern the effects on the position of nations in this league.
OPEC and Saudi Arabia play a major role in this league by putting the US dollar as the most traded currency in the petrol dollar which made the US dollar the strongest and the world reserve currency.

China, Japan, Russia, EU, Britain, Canada, and India played major roles in the league of world powers.

The world is currently in a big mess, if the US decide to sanction Saudi Arabia for halting the Oil supply and trying to trade with Russia and China, no one can tell the exact consequence of the situation, we don't need any more war. If the ongoing cold war gets out of control it will wipe out the entire world economy and crunch the progress of civilization.