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5 de nov. de 2025At the recent BRICS summit hosted in Kazan, Russia, the bloc not only expanded its influence by welcoming new full members Iran, Ethiopia and the UAE, but it also 9 de dic. de 2025At the meeting, the leaders representing the BRICS (Brazil, Russia, India, China, and South Africa) nations discussed plans to reduce their dependence on the U.S. dollar. 15 de may. de 2025Given the recent expansion of the “BRICs” countries to include five new members, will the US dollar remain the world’s reserve currency? Franklin Templeton Institute’s 19 de oct. de 2025The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the US dollar. Russia's finance ministry and central bank released a report 30 de ago. de 2025Brazil’s President has called for the creation of a common currency for trade and investment between BRICS nations to reduce vulnerability to dollar exchange rate

BRICS Nations Discuss Expansion Plan to Dethrone US Dollar

The BRICS nations are actively exploring strategies to reduce their reliance on the US dollar and reshape the global financial landscape. Discussions are centering around expansion plans and alternative payment systems to challenge the dollar\'s dominance.

5 de nov. de 2025: At the recent BRICS summit hosted in Kazan, Russia, the bloc not only expanded its influence by welcoming new full members Iran, Ethiopia and the UAE, but it also addressed key aspects of de-dollarization.

9 de dic. de 2025: At the meeting, the leaders representing the BRICS (Brazil, Russia, India, China, and South Africa) nations discussed plans to reduce their dependence on the U.S. dollar. This includes exploring the increased use of national currencies in trade and investment.

15 de may. de 2025: Given the recent expansion of the “BRICs” countries to include five new members, will the US dollar remain the world’s reserve currency? Franklin Templeton Institute’s analysts are closely monitoring the developments and their potential impact on global markets.

The core of the strategy involves initiatives like the BRICS Cross-Border Payment Initiative (BCBPI). 19 de oct. de 2025: The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the US dollar. Russia\'s finance ministry and central bank released a report detailing the progress on this initiative. This system aims to facilitate smoother and more efficient transactions between member nations, bypassing the dollar\'s intermediary role.

The ambition extends beyond simply using national currencies. 30 de ago. de 2025: Brazil’s President has called for the creation of a common currency for trade and investment between BRICS nations to reduce vulnerability to dollar exchange rate fluctuations. This ambitious proposal, while facing potential challenges, represents a significant step towards a more independent BRICS economic sphere.

The expansion of BRICS membership, coupled with these financial initiatives, signals a determined effort to reshape the global financial order. Whether they can truly "dethrone" the US dollar remains to be seen, but the BRICS nations are clearly committed to exploring alternatives and lessening their economic dependence on the United States.

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