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In what is certainly a sign of growing BRICS de-dollarization efforts, Russia, China, and India have removed the US dollar in 95% of trade. Secretary General of the U.S. President-elect Donald Trump has warned the BRICS countries that if they attempt to replace the “mighty U.S. dollar” they would face “100 percent tariffs and should 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 Putin said BRICS was aiming to use local currencies, not to create a SWIFT alternative. BRICS countries are expected to drive global economic growth but face challenges Following the theme that led the BRICS alliance throughout last year, Russia has said that ditching the US Dollar is 2025’s top priority. Indeed, the country is set to embrace 😲 BRICS, a group of major emerging economies, has made ditching the US dollar a top priority for 2025 as Russia takes over the chairmanship. Russia is strongly pushing BRICS leaders have said they want to use their national currencies more instead of the dollar, which strengthened sharply last year as the Federal Reserve raised

BRICS Russia Says Ditching US Dollar is a Top Priority in 2025

In what is certainly a sign of growing BRICS de-dollarization efforts, Russia has declared that ditching the US Dollar is a top priority for 2025 as they embrace their chairmanship. This move underscores a continued shift within the BRICS nations (Brazil, Russia, India, China, and South Africa) toward reducing reliance on the American currency.

Following the theme that led the BRICS alliance throughout last year, Russia is strongly pushing for alternative payment systems. Indeed, the country is set to embrace increased use of national currencies within the bloc.

😲 BRICS, a group of major emerging economies, has made ditching the US dollar a top priority for 2025. BRICS leaders have said they want to use their national currencies more instead of the dollar, which strengthened sharply last year as the Federal Reserve raised interest rates.

Reports indicate that Russia, China, and India have already removed the US dollar in 95% of trade between them. This significant reduction highlights the tangible progress made in diversifying away from dollar dependence.

The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the US dollar, for transactions between member states. Russia\'s finance ministry and central bank are actively developing infrastructure to support this transition. Putin said BRICS was aiming to use local currencies, not to create a SWIFT alternative.

Despite facing potential challenges, BRICS countries are expected to drive global economic growth. Secretary General of the U.S. President-elect Donald Trump has warned the BRICS countries that if they attempt to replace the “mighty U.S. dollar” they would face “100 percent tariffs."

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