The dollar's time of power is rapidly coming to an end because of the declining influence of the U.S. currency as a reserve currency, the Asia Times reported.

The dollar's time as the world's reserve currency is long gone. Given the size of the U.S. national debt, it can not withstand, and the main threat to the U.S. currency comes from Asia, the publication noted.

According to the publication, the status of the dollar was held because it has always been paid for fuel in the market. However, the situation has recently changed and settlements in other currencies appeared. In addition, the main exporters do not like the U.S..