BRICS Nations India and Saudi Arabia Explore Ditching the US Dollar: What You Need to Know

The global financial landscape is potentially shifting. Recent discussions indicate that BRICS members India and Saudi Arabia might soon ditch the U.S. dollar and trade in local currencies, as suggested by reports emerging around 15 de sept. de 2025.

India, a key player in the BRICS alliance, is actively seeking alternatives to the dollar for international trade. As India is the second-largest trading partner with Saudi Arabia, a move away from the US dollar could significantly impact global trade dynamics. The expanded BRICS bloc has seen India engage in negotiations with over 20 countries to agree to ditch the US dollar. Specifically, the nation is seeking to discuss bilateral trade agreements in local currencies with nations like Saudi Arabia.

The potential for a BRICS-backed currency to rival the US dollar is a recurring theme. There has been increasing talk of the BRICS nations (Brazil, Russia, India, China and South Africa) developing a new currency that will rival the US dollar as the global reserve currency. While not yet a reality, the concept signals a desire to reduce reliance on the US dollar.

This trend isn't isolated. India and Indonesia have officially agreed to ditch the US dollar for cross-border trade. The two BRICS nations will now conduct transactions using their national currencies, demonstrating a concrete step towards de-dollarization.

Despite initial expectations, Saudi Arabia has held off formally joining the BRICS bloc of nations despite attending a meeting in Brazil last week, two sources said, finessing an issue that could upset existing relationships. This cautious approach highlights the complex geopolitical considerations at play. However, the discussions surrounding alternative currencies persist.

Keep checking back for updates on these developing discussions, particularly in light of events predicted around 15 de sept. de 2025, as the potential shift away from the US dollar continues to unfold within the BRICS framework.